SG Americas Securities LLC Invests $1.54 Million in Instructure Inc (INST) Stock

SG Americas Securities LLC bought a new stake in Instructure Inc (NYSE:INST) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 43,628 shares of the technology company’s stock, valued at approximately $1,544,000. SG Americas Securities LLC owned 0.12% of Instructure as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EastBay Asset Management LLC acquired a new position in Instructure in the third quarter valued at about $12,114,000. Voya Investment Management LLC lifted its position in shares of Instructure by 5,104.5% during the second quarter. Voya Investment Management LLC now owns 485,322 shares of the technology company’s stock worth $20,650,000 after purchasing an additional 475,997 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Instructure by 63.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 551,559 shares of the technology company’s stock worth $19,525,000 after purchasing an additional 213,125 shares in the last quarter. Pacific Grove Capital LP lifted its position in shares of Instructure by 105.0% during the second quarter. Pacific Grove Capital LP now owns 82,000 shares of the technology company’s stock worth $3,489,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Instructure by 121.5% during the second quarter. Great West Life Assurance Co. Can now owns 3,101 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,701 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of INST stock opened at $36.90 on Wednesday. Instructure Inc has a 1 year low of $29.48 and a 1 year high of $49.17. The company has a market cap of $1.32 billion, a PE ratio of -21.45 and a beta of 0.58.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, October 29th. The technology company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.26. Instructure had a negative net margin of 24.15% and a negative return on equity of 49.49%. The business had revenue of $55.24 million for the quarter, compared to analyst estimates of $53.93 million. During the same period in the prior year, the business posted ($0.24) earnings per share. Instructure’s revenue was up 27.9% compared to the same quarter last year. Research analysts anticipate that Instructure Inc will post -1.4 EPS for the current fiscal year.

INST has been the topic of a number of research reports. Raymond James reduced their target price on shares of Instructure from $55.00 to $50.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, October 3rd. Zacks Investment Research lowered shares of Instructure from a “buy” rating to a “hold” rating in a research report on Tuesday, November 27th. Credit Suisse Group initiated coverage on shares of Instructure in a research report on Friday, November 9th. They set a “neutral” rating and a $42.00 target price on the stock. DA Davidson initiated coverage on shares of Instructure in a research report on Wednesday, August 29th. They set a “buy” rating and a $47.00 target price on the stock. Finally, Morgan Stanley reduced their target price on shares of Instructure from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $46.27.

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About Instructure

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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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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