Insider Buying: Skillsoft (NYSE:SKIL) Director Acquires $163,350.00 in Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola purchased 27,000 shares of Skillsoft stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $6.05 per share, with a total value of $163,350.00. Following the transaction, the director directly owned 95,306 shares of the company’s stock, valued at approximately $576,601.30. The trade was a 39.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, June 12th, Jim Frankola purchased 23,000 shares of Skillsoft stock. The shares were bought at an average price of $6.06 per share, with a total value of $139,380.00.

Skillsoft Stock Performance

Shares of NYSE SKIL opened at $7.39 on Friday. The business’s 50-day simple moving average is $6.80 and its 200-day simple moving average is $6.64. 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 Corp. has a 52 week low of $3.43 and a 52 week high of $18.45. The firm has a market cap of $66.32 million, a price-to-earnings ratio of -0.45, a P/E/G ratio of 0.23 and a beta of 2.23.

Skillsoft (NYSE:SKIL) last announced its earnings results on Tuesday, June 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $1.11. Skillsoft had a negative return on equity of 221.25% and a negative net margin of 30.00%.The firm had revenue of $94.50 million during the quarter, compared to analysts’ expectations of $121.10 million. As a group, equities research analysts expect that Skillsoft Corp. will post 3 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Skillsoft

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position 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 purchasing an additional 1,343 shares during the period. Cubist Systematic Strategies LLC boosted its stake in Skillsoft by 20.5% during the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after buying an additional 1,593 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Skillsoft by 122.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock valued at $2,891,000 after buying an additional 82,860 shares during the period. Jane Street Group LLC acquired a new position in Skillsoft in the first quarter worth about $296,000. Finally, Acadian Asset Management LLC boosted its holdings in Skillsoft by 286.0% during the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock valued at $774,000 after purchasing an additional 29,914 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

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.