Citadel Advisors LLC raised its holdings in Instructure Inc (NYSE:INST) by 408.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,107 shares of the technology company’s stock after buying an additional 66,762 shares during the period. Citadel Advisors LLC owned approximately 0.24% of Instructure worth $3,536,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Summit Trail Advisors LLC boosted its position in Instructure by 4,115.0% in the 1st quarter. Summit Trail Advisors LLC now owns 5,631,577 shares of the technology company’s stock valued at $5,632,000 after buying an additional 5,497,969 shares during the period. Nine Ten Capital Management LLC lifted its position in shares of Instructure by 6.8% during the 1st quarter. Nine Ten Capital Management LLC now owns 2,947,705 shares of the technology company’s stock worth $124,246,000 after purchasing an additional 188,805 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Instructure by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,749,844 shares of the technology company’s stock worth $115,906,000 after purchasing an additional 58,722 shares during the last quarter. BlackRock Inc. lifted its position in shares of Instructure by 45.9% during the 2nd quarter. BlackRock Inc. now owns 2,048,534 shares of the technology company’s stock worth $87,166,000 after purchasing an additional 644,946 shares during the last quarter. Finally, Eventide Asset Management LLC lifted its position in shares of Instructure by 11.9% during the 1st quarter. Eventide Asset Management LLC now owns 942,000 shares of the technology company’s stock worth $39,705,000 after purchasing an additional 100,000 shares during the last quarter. 85.48% of the stock is owned by institutional investors.

In related news, SVP Matthew Kaminer sold 7,000 shares of Instructure stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $42.14, for a total transaction of $294,980.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Steven B. Kaminsky sold 20,000 shares of Instructure stock in a transaction on Monday, July 16th. The stock was sold at an average price of $45.16, for a total transaction of $903,200.00. Following the sale, the chief financial officer now owns 165,418 shares in the company, valued at $7,470,276.88. The disclosure for this sale can be found here. Insiders have sold a total of 29,000 shares of company stock worth $1,288,180 over the last quarter. 10.40% of the stock is owned by company insiders.

Instructure stock opened at $40.95 on Wednesday. Instructure Inc has a 12-month low of $29.00 and a 12-month high of $49.17.

Instructure (NYSE:INST) last announced its quarterly earnings results on Monday, July 30th. The technology company reported ($0.24) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.19. Instructure had a negative net margin of 26.24% and a negative return on equity of 78.26%. The firm had revenue of $50.10 million for the quarter, compared to analyst estimates of $49.46 million. During the same period last year, the business earned ($0.32) EPS. Instructure’s revenue for the quarter was up 30.1% compared to the same quarter last year. research analysts expect that Instructure Inc will post -1.57 earnings per share for the current fiscal year.

Several research firms have recently issued reports on INST. UBS Group cut shares of Instructure from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 31st. Oppenheimer reaffirmed a “market perform” rating and set a $41.00 price objective on shares of Instructure in a research report on Tuesday, July 31st. Needham & Company LLC lifted their price objective on shares of Instructure from $50.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. MED cut shares of Instructure from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Finally, Citigroup began coverage on shares of Instructure in a research report on Monday, July 16th. They set a “buy” rating and a $55.00 price objective for the company. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Instructure presently has an average rating of “Buy” and a consensus price target of $47.90.

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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