Key Points
- Skillsoft CEO Ronald Hovsepian bought 11,196 shares at an average price of $5.93, investing $66,392 and increasing his ownership by 3.02% to 382,267 shares.
- Skillsoft shares opened at $5.96 after trading down 2.5%; the stock has a 12-month range of $3.43 to $18.45 and a market capitalization of approximately $54.3 million.
- The company beat quarterly EPS expectations, reporting $1.17 versus an estimated $0.83, but analysts maintain a “Reduce” consensus rating and Skillsoft continues to report negative margins and return on equity.
Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian purchased 11,196 shares of Skillsoft stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average price of $5.93 per share, for a total transaction of $66,392.28. Following the acquisition, the chief executive officer owned 382,267 shares in the company, valued at approximately $2,266,843.31. This trade represents a 3.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Skillsoft Trading Down 2.5%
Shares of SKIL opened at $5.96 on Friday. Skillsoft Corp. has a 12-month low of $3.43 and a 12-month high of $18.45. The firm has a 50-day moving average price of $6.98 and a 200 day moving average price of $6.45. The firm has a market capitalization of $54.28 million, a P/E ratio of -0.32, a P/E/G ratio of 0.20 and a beta of 2.22.
Skillsoft (NYSE:SKIL - Get Free Report) last released its quarterly earnings data on Wednesday, September 9th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.34. Skillsoft had a negative net margin of 36.13% and a negative return on equity of 74.19%. The firm had revenue of $98.25 million during the quarter, compared to analysts' expectations of $99.00 million. Equities research analysts predict that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
SKIL has been the topic of several analyst reports. Weiss Ratings raised shares of Skillsoft from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. Oppenheimer reiterated a "market perform" rating on shares of Skillsoft in a research report on Thursday, September 10th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce".
View Our Latest Analysis on Skillsoft
Institutional Investors Weigh In On Skillsoft
Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Skillsoft by 23.7% in the 1st 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. Renaissance Technologies LLC increased its stake in shares of Skillsoft by 11.1% during the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock worth $262,000 after buying an additional 6,100 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Skillsoft during the second quarter worth approximately $98,000. Institutional investors and hedge funds 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.
Further Reading
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