GYL Financial Synergies LLC decreased its holdings in shares of Instructure Inc (NYSE:INST) by 13.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,956 shares of the technology company’s stock after selling 10,000 shares during the period. Instructure comprises about 0.6% of GYL Financial Synergies LLC’s portfolio, making the stock its 14th largest holding. GYL Financial Synergies LLC’s holdings in Instructure were worth $2,919,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Instructure by 26.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,268 shares of the technology company’s stock valued at $85,000 after purchasing an additional 481 shares during the last quarter. Legal & General Group Plc increased its stake in Instructure by 23.7% during the fourth quarter. Legal & General Group Plc now owns 6,020 shares of the technology company’s stock valued at $226,000 after purchasing an additional 1,153 shares during the last quarter. Menta Capital LLC bought a new position in shares of Instructure during the fourth quarter worth about $240,000. Gotham Asset Management LLC bought a new position in shares of Instructure during the fourth quarter worth about $244,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Instructure by 73,355.6% during the first quarter. BNP Paribas Arbitrage SA now owns 6,611 shares of the technology company’s stock worth $312,000 after acquiring an additional 6,602 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.
Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Instructure from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. TheStreet lowered shares of Instructure from a “c” rating to a “d-” rating in a research report on Tuesday, April 30th. Barrington Research restated a “buy” rating and set a $50.00 price target on shares of Instructure in a research report on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Instructure from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $45.88.
In other news, CFO Steven B. Kaminsky sold 1,400 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $47.65, for a total value of $66,710.00. Following the completion of the sale, the chief financial officer now directly owns 161,299 shares of the company’s stock, valued at $7,685,897.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joshua L. Coates sold 5,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $40.29, for a total value of $201,450.00. Following the completion of the sale, the director now directly owns 5,500 shares of the company’s stock, valued at $221,595. The disclosure for this sale can be found here. In the last quarter, insiders have sold 53,735 shares of company stock worth $2,458,587. Corporate insiders own 9.60% of the company’s stock.
Shares of INST opened at $39.29 on Monday. The stock has a market capitalization of $1.42 billion, a PE ratio of -31.94 and a beta of 0.51. Instructure Inc has a fifty-two week low of $29.48 and a fifty-two week high of $50.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.39 and a current ratio of 1.39.
Instructure (NYSE:INST) last issued its earnings results on Monday, April 29th. The technology company reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.04). The business had revenue of $58.10 million during the quarter, compared to analyst estimates of $57.24 million. Instructure had a negative net margin of 21.74% and a negative return on equity of 37.56%. Instructure’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.21) EPS. On average, sell-side analysts expect that Instructure Inc will post -2.26 EPS for the current fiscal year.
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Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.
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