Skillsoft (NYSE:SKIL) Director Jim Frankola Acquires 23,000 Shares of Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola bought 23,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was acquired at an average price of $6.06 per share, for a total transaction of $139,380.00. Following the completion of the acquisition, the director directly owned 68,306 shares in the company, valued at approximately $413,934.36. This represents a 50.77% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 15th, Jim Frankola bought 27,000 shares of Skillsoft stock. The stock was acquired at an average price of $6.05 per share, for a total transaction of $163,350.00.

Skillsoft Stock Up 3.2%

NYSE SKIL opened at $6.14 on Wednesday. The company has a debt-to-equity ratio of 142.97, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $6.68 and its 200 day simple moving average is $6.68. Skillsoft Corp. has a 12 month low of $3.43 and a 12 month high of $18.45. The company has a market capitalization of $55.08 million, a P/E ratio of -0.37, a PEG ratio of 0.20 and a beta of 2.23.

Skillsoft (NYSE:SKIL) last released its earnings results on Tuesday, June 9th. The company reported $1.16 EPS for the quarter, topping 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 business had revenue of $94.50 million for the quarter, compared to the consensus estimate of $121.10 million. Equities research analysts expect that Skillsoft Corp. will post 3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skillsoft

A number of large investors have recently made changes to their positions in SKIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Skillsoft during the second quarter valued at approximately $39,000. Bank of America Corp DE raised its holdings in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after acquiring an additional 1,343 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Skillsoft by 330.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock valued at $57,000 after acquiring an additional 4,705 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 2,985 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in shares of Skillsoft by 374.2% during the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock valued at $68,000 after acquiring an additional 5,785 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

About Skillsoft

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.