Instructure (NYSE:INST) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP reduced its position in Instructure (NYSE:INST) by 73.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,269 shares of the technology company’s stock after selling 49,790 shares during the period. Two Sigma Investments LP owned 0.06% of Instructure worth $605,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in shares of Instructure by 540.8% in the 3rd quarter. New York State Common Retirement Fund now owns 146,113 shares of the technology company’s stock worth $4,844,000 after acquiring an additional 123,313 shares during the period. Bank of New York Mellon Corp grew its holdings in Instructure by 8.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 112,835 shares of the technology company’s stock valued at $3,741,000 after buying an additional 8,815 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Instructure by 64.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,170 shares of the technology company’s stock valued at $1,066,000 after buying an additional 12,615 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Instructure by 73.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 76,574 shares of the technology company’s stock valued at $2,539,000 after buying an additional 32,412 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Instructure during the 3rd quarter valued at $1,082,000. 74.00% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have commented on the company. Zacks Investment Research lowered Instructure from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ValuEngine upgraded Instructure from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Needham & Company LLC downgraded Instructure from a “strong-buy” rating to a “buy” rating and raised their target price for the company from $46.00 to $50.00 in a research note on Wednesday, March 21st. They noted that the move was a valuation call. Oppenheimer lifted their price target on Instructure from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 13th. Finally, SunTrust Banks lifted their price target on Instructure to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $42.33.



In other news, Director Ellen Levy sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.03, for a total transaction of $258,180.00. Following the completion of the transaction, the director now owns 11,562 shares of the company’s stock, valued at $497,512.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven B. Kaminsky sold 15,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $37.50, for a total transaction of $562,500.00. Following the completion of the sale, the chief financial officer now directly owns 159,297 shares in the company, valued at approximately $5,973,637.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,945 shares of company stock valued at $2,438,366. 10.40% of the stock is owned by company insiders.

NYSE INST opened at $41.70 on Friday. Instructure has a twelve month low of $22.50 and a twelve month high of $46.50.

Instructure (NYSE:INST) last posted its quarterly earnings results on Monday, February 12th. The technology company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.02. The company had revenue of $43.80 million for the quarter, compared to analysts’ expectations of $41.43 million. During the same quarter in the prior year, the firm earned ($0.35) earnings per share. The company’s revenue was up 39.0% on a year-over-year basis. equities research analysts forecast that Instructure will post -1.77 earnings per share for the current year.

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Instructure Profile

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.

Institutional Ownership by Quarter for Instructure (NYSE:INST)

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