Jim Frankola Buys 27,000 Shares of Skillsoft (NYSE:SKIL) Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola bought 27,000 shares of Skillsoft stock in a transaction dated Monday, June 15th. The stock was acquired at an average price of $6.05 per share, with a total value of $163,350.00. Following the acquisition, the director directly owned 95,306 shares of the company’s stock, valued at approximately $576,601.30. This represents a 39.53% increase in their ownership of the stock. The transaction was disclosed in a 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 bought 23,000 shares of Skillsoft stock. The stock was acquired at an average price of $6.06 per share, with a total value of $139,380.00.

Skillsoft Price Performance

SKIL opened at $6.98 on Thursday. The stock has a fifty day moving average of $6.73 and a 200-day moving average of $6.66. The firm has a market capitalization of $62.61 million, a P/E ratio of -0.42, a PEG ratio of 0.20 and a beta of 2.23. Skillsoft Corp. has a 12-month low of $3.43 and a 12-month high of $18.45. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 142.97.

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

Hedge Funds Weigh In On Skillsoft

A number of hedge funds have recently modified their holdings of SKIL. Goldman Sachs Group Inc. increased its stake in shares of 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of Skillsoft by 114.6% in the second quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock worth $1,641,000 after acquiring an additional 54,853 shares during the last quarter. Benefit Street Partners LLC acquired a new position in shares of Skillsoft in the fourth quarter worth $429,000. Cruiser Capital Advisors LLC increased its stake in shares of Skillsoft by 177.7% in the fourth quarter. Cruiser Capital Advisors LLC now owns 57,794 shares of the company’s stock worth $537,000 after acquiring an additional 36,981 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Skillsoft by 286.0% in the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after acquiring an additional 29,914 shares during the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.