Citadel Advisors LLC boosted its position in Instructure Inc (NYSE:INST) by 238.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,482 shares of the technology company’s stock after acquiring an additional 56,023 shares during the quarter. Citadel Advisors LLC’s holdings in Instructure were worth $2,631,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in Instructure by 9.2% in the third quarter. JPMorgan Chase & Co. now owns 2,619,726 shares of the technology company’s stock valued at $85,403,000 after purchasing an additional 220,778 shares during the period. BlackRock Inc. lifted its position in Instructure by 6.8% in the fourth quarter. BlackRock Inc. now owns 1,348,441 shares of the technology company’s stock valued at $44,633,000 after purchasing an additional 85,498 shares during the period. Janus Henderson Group PLC lifted its position in Instructure by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,182,196 shares of the technology company’s stock valued at $39,190,000 after purchasing an additional 4,282 shares during the period. Maple Rock Capital Partners Inc. lifted its position in Instructure by 96.7% in the third quarter. Maple Rock Capital Partners Inc. now owns 590,000 shares of the technology company’s stock valued at $19,559,000 after purchasing an additional 290,000 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Instructure by 23.4% in the second quarter. Vanguard Group Inc. now owns 585,647 shares of the technology company’s stock valued at $17,276,000 after buying an additional 110,915 shares in the last quarter. Hedge funds and other institutional investors own 77.39% of the company’s stock.
Instructure Inc (INST) opened at $43.50 on Monday. Instructure Inc has a 1-year low of $22.00 and a 1-year high of $43.99. The stock has a market cap of $1,451.17, a PE ratio of -25.59 and a beta of 1.70.
In other news, CFO Steven B. Kaminsky sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 159,297 shares of the company’s stock, valued at approximately $5,973,637.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ellen Levy sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $310,950.00. Following the transaction, the director now directly owns 17,562 shares of the company’s stock, valued at $606,767.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,445 shares of company stock valued at $1,852,776. Corporate insiders own 12.80% of the company’s stock.
A number of brokerages have issued reports on INST. Oppenheimer reaffirmed a “buy” rating and issued a $41.00 target price (up from $38.00) on shares of Instructure in a report on Tuesday, October 31st. Zacks Investment Research cut shares of Instructure from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. William Blair reaffirmed a “market perform” rating on shares of Instructure in a report on Tuesday, February 13th. Needham & Company LLC increased their target price on shares of Instructure from $39.00 to $46.00 and gave the company a “strong-buy” rating in a report on Tuesday, February 13th. Finally, SunTrust Banks increased their target price on shares of Instructure to $47.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $40.60.
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Instructure, Inc provides cloud-based learning management platform for academic institutions and companies across the world. The Company operates in the cloud-based learning management systems segment. The Company builds its learning management applications, Canvas for the education market and Bridge for the corporate market, to enable its customers to develop, deliver and manage face-to-face and online learning experiences.
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