Skillsoft (NYSE:SKIL) Director Buys $163,350.00 in Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola acquired 27,000 shares of Skillsoft stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $6.05 per share, for a total transaction of $163,350.00. Following the completion of the transaction, the director directly owned 95,306 shares in the company, valued at $576,601.30. This trade represents a 39.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jim Frankola also recently made the following trade(s):

• On Friday, June 12th, Jim Frankola acquired 23,000 shares of Skillsoft stock. The stock was purchased at an average cost of $6.06 per share, for a total transaction of $139,380.00.

Skillsoft Trading Up 3.2%

Skillsoft stock traded up $0.19 during midday trading on Tuesday, reaching $6.14. The stock had a trading volume of 78,209 shares, compared to its average volume of 174,766. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 142.97. Skillsoft Corp. has a 52-week low of $3.43 and a 52-week high of $18.45. The firm has a market cap of $55.08 million, a price-to-earnings ratio of -0.37, a price-to-earnings-growth ratio of 0.20 and a beta of 2.23. The company has a fifty day moving average of $6.65 and a 200 day moving average of $6.71.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $1.11. The company had revenue of $94.50 million for the quarter, compared to analyst estimates of $121.10 million. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. On average, analysts anticipate that Skillsoft Corp. will post 3 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Skillsoft by 133.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 304,966 shares of the company’s stock valued at $2,836,000 after acquiring an additional 174,429 shares during the period. Vanguard Group Inc. lifted its position in Skillsoft by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock worth $3,356,000 after acquiring an additional 1,841 shares during the period. Geode Capital Management LLC grew its stake in Skillsoft by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 106,457 shares of the company’s stock valued at $990,000 after purchasing an additional 3,317 shares during the last quarter. UBS Group AG increased its holdings in shares of Skillsoft by 17.4% in the third quarter. UBS Group AG now owns 85,449 shares of the company’s stock valued at $1,113,000 after purchasing an additional 12,692 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of 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 purchasing an additional 6,100 shares during the period. 87.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Skillsoft in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Skillsoft currently has a consensus rating of “Reduce”.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.