JPMorgan Chase & Co. grew its position in Instructure, Inc. (NYSE:INST) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,398,948 shares of the technology company’s stock after acquiring an additional 84,856 shares during the period. JPMorgan Chase & Co. owned about 8.16% of Instructure worth $70,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc grew its position in shares of Instructure by 54.6% in the 2nd quarter. Legal & General Group Plc now owns 4,076 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,440 shares during the period. American International Group Inc. grew its position in shares of Instructure by 7.1% in the 1st quarter. American International Group Inc. now owns 6,466 shares of the technology company’s stock valued at $151,000 after acquiring an additional 426 shares during the period. Essex Investment Management Co. LLC bought a new position in shares of Instructure in the 2nd quarter valued at about $238,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Instructure in the 1st quarter valued at about $192,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Instructure in the 1st quarter valued at about $328,000. 78.33% of the stock is owned by institutional investors.

INST has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $38.00 price objective (up previously from $33.00) on shares of Instructure in a research report on Wednesday, August 2nd. First Analysis lifted their price objective on shares of Instructure from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. ValuEngine raised shares of Instructure from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. SunTrust Banks, Inc. initiated coverage on shares of Instructure in a research report on Monday, June 26th. They issued a “buy” rating and a $33.00 price objective for the company. Finally, BidaskClub downgraded shares of Instructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.63.

Shares of Instructure, Inc. (INST) opened at 30.55 on Tuesday. The company’s market cap is $897.53 million. The company’s 50 day moving average is $30.75 and its 200 day moving average is $26.75. Instructure, Inc. has a one year low of $17.85 and a one year high of $34.10.

Instructure (NYSE:INST) last announced its earnings results on Monday, July 31st. The technology company reported ($0.46) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.50) by $0.04. The company had revenue of $38 million during the quarter, compared to the consensus estimate of $37.09 million. Instructure had a negative net margin of 38.12% and a negative return on equity of 827.22%. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.44) earnings per share. On average, equities analysts predict that Instructure, Inc. will post ($1.24) earnings per share for the current year.

In related news, COO Mitch Macfarlane sold 7,650 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $30.12, for a total transaction of $230,418.00. Following the completion of the sale, the chief operating officer now owns 12,298 shares in the company, valued at $370,415.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven B. Kaminsky sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $30.00, for a total transaction of $300,000.00. Following the sale, the chief financial officer now owns 150,459 shares of the company’s stock, valued at approximately $4,513,770. The disclosure for this sale can be found here. Insiders have sold 36,650 shares of company stock valued at $1,102,718 in the last 90 days. 12.80% of the stock is currently owned by corporate insiders.

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Instructure Profile

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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Institutional Ownership by Quarter for Instructure (NYSE:INST)

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