Skillsoft (NYSE:SKIL) Director Jim Frankola Acquires 25,000 Shares

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The shares were acquired at an average cost of $5.14 per share, for a total transaction of $128,500.00. Following the acquisition, the director owned 132,736 shares of the company’s stock, valued at approximately $682,263.04. The trade was a 23.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Skillsoft Price Performance

Shares of SKIL stock opened at $6.38 on Friday. Skillsoft Corp. has a 12-month low of $3.43 and a 12-month high of $18.45. The firm has a market capitalization of $58.09 million, a price-to-earnings ratio of -0.34, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. The business has a 50 day simple moving average of $7.07 and a 200 day simple moving average of $6.40.

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

Hedge Funds Weigh In On Skillsoft

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC lifted 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 buying an additional 6,100 shares during the period. Squarepoint Ops LLC acquired a new position in Skillsoft during the second quarter worth about $98,000. Finally, Bank of New York Mellon Corp raised its position in Skillsoft by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock worth $67,000 after acquiring an additional 2,985 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.