Skillsoft (NYSE:SKIL) CEO Purchases $83,306.04 in Stock

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian acquired 12,777 shares of the business’s stock in a transaction that occurred on Friday, September 18th. The shares were purchased at an average cost of $6.52 per share, with a total value of $83,306.04. Following the transaction, the chief executive officer directly owned 362,746 shares of the company’s stock, valued at $2,365,103.92. This trade represents a 3.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Skillsoft Trading Down 3.1%

Skillsoft stock traded down $0.19 during trading hours on Monday, reaching $6.00. 70,612 shares of the stock were exchanged, compared to its average volume of 147,121. Skillsoft Corp. has a twelve month low of $3.43 and a twelve month high of $18.45. The company has a market cap of $54.60 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. The stock has a 50 day moving average of $7.05 and a two-hundred day moving average of $6.41.

Skillsoft (NYSE:SKIL) last issued its earnings results on Wednesday, September 9th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.83 by $0.34. The company had revenue of $98.25 million during the quarter, compared to analysts’ expectations of $99.00 million. Skillsoft had a negative net margin of 36.13% and a negative return on equity of 74.19%. On average, analysts expect that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SKIL shares. Oppenheimer reaffirmed a “market perform” rating on shares of Skillsoft in a report on Thursday, September 10th. Weiss Ratings raised Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Institutional Investors Weigh In On Skillsoft

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in Skillsoft in the 2nd quarter valued at approximately $98,000. Renaissance Technologies LLC boosted its position in Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after buying an additional 6,100 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Skillsoft by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock worth $67,000 after buying an additional 2,985 shares during the last quarter. 87.00% of the stock is owned by institutional investors.

Skillsoft Company Profile

Skillsoft Corporation (NYSE: SKIL) is a provider of digital learning and talent-development solutions for businesses, government organizations and other institutions. The company offers online courses, learning paths, assessments and related tools designed to help organizations develop employee skills and support workforce transformation.

Its offerings cover areas such as leadership and business skills, technology and software development, cybersecurity, compliance, productivity and professional certifications.