Key Points
- Skillsoft director Jim Frankola bought 23,000 shares on June 12 at an average price of $6.06, a $139,380 transaction that increased his holdings by 50.77% to 68,306 shares.
- Frankola also made another purchase on June 15, acquiring 27,000 additional shares at $6.05 each for $163,350, signaling continued insider buying.
- Skillsoft recently reported quarterly EPS of $1.16, beating expectations, but revenue came in below estimates at $94.5 million, while analysts still maintain a Reduce consensus rating on the stock.
Skillsoft Corp. (NYSE:SKIL - Get Free Report) Director Jim Frankola acquired 23,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were bought at an average cost of $6.06 per share, for a total transaction of $139,380.00. Following the completion of the transaction, the director directly owned 68,306 shares of the company's stock, valued at $413,934.36. This represents a 50.77% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Jim Frankola also recently made the following trade(s):
- On Monday, June 15th, Jim Frankola acquired 27,000 shares of Skillsoft stock. The shares were bought at an average cost of $6.05 per share, for a total transaction of $163,350.00.
Skillsoft Stock Performance
Shares of SKIL opened at $6.14 on Wednesday. The company's 50 day moving average price is $6.68 and its 200 day moving average price is $6.68. Skillsoft Corp. has a 52 week low of $3.43 and a 52 week high of $18.45. The company has a market capitalization of $55.08 million, a PE ratio of -0.37, a PEG ratio of 0.20 and a beta of 2.23. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.91 and a current ratio of 0.91.
Skillsoft (NYSE:SKIL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $1.11. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. The firm had revenue of $94.50 million for the quarter, compared to the consensus estimate of $121.10 million. Research analysts expect that Skillsoft Corp. will post 3 EPS for the current fiscal year.
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 equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Skillsoft has a consensus rating of "Reduce".
Read Our Latest Analysis on Skillsoft
Institutional Trading of Skillsoft
Several large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in Skillsoft by 133.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 304,966 shares of the company's stock worth $2,836,000 after acquiring an additional 174,429 shares in the last quarter. Vanguard Group Inc. grew its position in Skillsoft by 0.7% in the third 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 in the last quarter. Geode Capital Management LLC grew its position in Skillsoft by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 106,457 shares of the company's stock worth $990,000 after acquiring an additional 3,317 shares in the last quarter. UBS Group AG grew its position in Skillsoft by 17.4% in the third quarter. UBS Group AG now owns 85,449 shares of the company's stock worth $1,113,000 after acquiring an additional 12,692 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock worth $262,000 after acquiring an additional 6,100 shares in the last quarter. 87.00% of the stock is owned by institutional investors.
Skillsoft Company Profile
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Get Free Report)
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.
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