Key Points
- Skillsoft director Jim Frankola purchased 25,000 shares at an average price of $5.14, investing $128,500 and increasing his ownership by 23.2% to 132,736 shares.
- Skillsoft reported quarterly EPS of $1.17, beating the $0.83 analyst consensus, while revenue of $98.25 million fell slightly short of estimates. The company remains unprofitable, with a negative net margin of 36.13%.
- Analysts maintain a cautious outlook, with two Hold ratings and one Sell rating producing a consensus “Reduce” recommendation. Institutional investors own approximately 87% of the company’s shares.
Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian purchased 4,508 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of $5.46 per share, for a total transaction of $24,613.68. Following the acquisition, the chief executive officer directly owned 345,857 shares in the company, valued at $1,888,379.22. This trade represents a 1.32% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Skillsoft Trading Up 4.6%
Skillsoft stock opened at $6.38 on Friday. The business's 50 day simple moving average is $7.07 and its 200 day simple moving average is $6.40. Skillsoft Corp. has a 12 month low of $3.43 and a 12 month high of $18.45. The company has a market cap of $58.09 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.20 and a beta of 2.22.
Skillsoft (NYSE:SKIL - Get Free Report) last released its earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $98.25 million during the quarter, compared to the consensus estimate of $99.00 million. As a group, equities research analysts forecast that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
SKIL has been the subject of a number of research reports. Weiss Ratings upgraded shares of Skillsoft from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. Oppenheimer reaffirmed a "market perform" rating on shares of Skillsoft in a report on Thursday, September 10th. 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, Skillsoft presently has an average rating of "Reduce".
Read Our Latest Stock Report on Skillsoft
Institutional Trading of Skillsoft
A number of institutional investors have recently added to or reduced their stakes in SKIL. Squarepoint Ops LLC purchased a new position in Skillsoft during the 2nd quarter valued at about $98,000. 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 worth $262,000 after purchasing an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Skillsoft by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company's stock valued at $67,000 after buying an additional 2,985 shares during the period. Hedge funds and other institutional investors own 87.00% of the company's stock.
About Skillsoft
(
Get Free Report)
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.
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