Activist investor Praesidium Investment Management said Tuesday that it's pushing for changes at cloud-based education software company Instructure.
div > div.group > p:first-child"> Praesidium manager Kevin Oram, who filed a 13D with the Securities and Exchange Commission on Monday, said that despite big investments in new business, the company's stock looks cheap. Oram detailed the investment from 13D Monitor's 2019 Active-Passive Investor Summit in New York.
Praesidium owned about 5%, or 1.8 million shares, of Instructure as of April 15, according to the government filing. Shares rose 6.5% Tuesday. Activist investors often build positions in what they view as undervalued companies with the goal of advocating for key changes, though Oram added that Praesidium typically lobbies for changes in private discussions with management.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Officials Pressure Russia-Linked Buyout Firm to Sell Stake in Cybersecurity CompanyU.S. national security officials told a private-equity firm partly backed by a Russian billionaire named in the Steele dossier to sell its stake in cybersecurity firm Cofense. Don’t worry, realDonaldTrump will still personally deliver our top secret info to you. ulywang Anyone that the USA believes is a threat to their dominant position in the world is automatically deemed a security threat. Then the US bullies other countries to follow suit.
Source: WSJ - 🏆 98. / 63 Read more »
AT&T sells Hulu stake, valuing the video streaming company at $15 billionHulu bought back AT&T's 9.5 percent stake in the entity for $1.43 billion, valuing the streaming company at $15 billion.
Source: CNBC - 🏆 12. / 72 Read more »
An $8 billion education company is launching a $50 million startup investment fund as an alternative to going all-in on tech acquisitionsDigital education company Pearson launches venture fund for early-stage startups, and is planning a passive portfolio management strategy. Beautiful!
Source: BusinessInsider - 🏆 729. / 51 Read more »
One of PagerDuty's earliest investor shares why he went big on the IT-management company before it reached $1.76 billionSilicon Valley venture capital firms Bessemer Venture Partners, Accel and Andreessen Horowitz now own hundreds of millions of dollars in PagerDuty after its IPO.
Source: BusinessInsider - 🏆 729. / 51 Read more »