Fiera Capital Corp lifted its stake in shares of Instructure Inc (NYSE:INST) by 48.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 129,145 shares of the technology company’s stock after acquiring an additional 42,317 shares during the period. Fiera Capital Corp owned 0.38% of Instructure worth $5,495,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Denver Investment Advisors LLC purchased a new position in shares of Instructure during the 1st quarter worth $567,000. Quadrature Capital Ltd purchased a new position in shares of Instructure during the 1st quarter worth $851,000. Sei Investments Co. purchased a new position in shares of Instructure during the 1st quarter worth $1,667,000. Spark Investment Management LLC raised its holdings in shares of Instructure by 85.8% during the 1st quarter. Spark Investment Management LLC now owns 47,941 shares of the technology company’s stock worth $2,020,000 after acquiring an additional 22,141 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in shares of Instructure during the 1st quarter worth $139,000. Institutional investors and hedge funds own 84.29% of the company’s stock.
Shares of INST opened at $37.55 on Friday. Instructure Inc has a 12-month low of $28.85 and a 12-month high of $49.17.
Instructure (NYSE:INST) last issued its quarterly earnings data on Monday, July 30th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.19. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $49.46 million. Instructure had a negative net margin of 26.24% and a negative return on equity of 78.26%. Instructure’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. research analysts expect that Instructure Inc will post -1.59 EPS for the current year.
Several brokerages recently issued reports on INST. Oppenheimer restated a “market perform” rating and issued a $41.00 price objective on shares of Instructure in a report on Tuesday, July 31st. MED lowered shares of Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. They noted that the move was a valuation call. UBS Group lowered shares of Instructure from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 31st. Needham & Company LLC boosted their price objective on shares of Instructure from $50.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.00.
In other Instructure news, SVP Matthew Kaminer sold 2,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $45.00, for a total transaction of $90,000.00. Following the sale, the senior vice president now directly owns 22,958 shares in the company, valued at $1,033,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven A. Collins sold 9,552 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $41.51, for a total transaction of $396,503.52. Following the sale, the director now owns 9,552 shares in the company, valued at $396,503.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,552 shares of company stock worth $2,415,179. 10.40% of the stock is owned by insiders.
Instructure, Inc, a software-as-a-service technology company, provides applications for learning, assessment, and performance management worldwide. The company offers its platform through a software-as-a-service business model. It develops Canvas, a learning management system for K?12 and higher education; Bridge, a learning and performance management suite for businesses; Arc, a next-generation online video learning platform for academic and corporate learning; and Gauge, an assessment management system for K?12 schools.
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