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Stock impact report

Some investors cut Instructure stakes amid uncertain future: filings [Reuters]

Instructure Holdings, Inc. (INST) 
Last instructure holdings, inc. earnings: 2/28 04:46 pm Check Earnings Report
Company Research Source: Reuters
Some investors cut Instructure stakes amid uncertain future: filings BOSTON (Reuters) - Instructure Inc’s ( INST.N ) uncertain future, clouded by a buyout offer that a few shareholders called too cheap, prompted some investors to shrink their holdings in the U.S. educational company in the last months of 2019. William Oberndorf, who runs Oberndorf Enterprises, slashed his stake in the Salt Lake City headquartered company by 42% to 834,942 shares at the end of 2019, according to a regulatory filing on Friday. Foxhaven Asset Management sold over 2 million shares during the last quarter, slashing its stake by 75% to 677,127 shares, its filing shows. And Jana Partners, an activist investment firm that often pushes management for changes liked selling the company, liquidated its position. It sold 334,089 shares after having bought them in the third quarter, its filing shows. Sachem Head Capital Management, which publicly called on Instructure to explore alternatives in late October, did Show less Read more
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