Insider Buying: Skillsoft (NYSE:SKIL) Director Buys 23,000 Shares of Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola bought 23,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $6.06 per share, with a total value of $139,380.00. Following the completion of the acquisition, the director owned 68,306 shares of the company’s stock, valued at $413,934.36. This trade represents a 50.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 bought at an average price of $6.05 per share, with a total value of $163,350.00.

Skillsoft Trading Up 3.2%

Skillsoft stock traded up $0.19 during trading on Tuesday, reaching $6.14. The company had a trading volume of 78,209 shares, compared to its average volume of 174,766. Skillsoft Corp. has a 12-month low of $3.43 and a 12-month high of $18.45. The stock’s 50 day moving average price is $6.65 and its two-hundred day moving average price is $6.71. The firm has a market capitalization of $55.08 million, a price-to-earnings ratio of -0.37, a PEG ratio of 0.20 and a beta of 2.23. 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 (NYSE:SKIL) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $1.11. The firm had revenue of $94.50 million for the quarter, compared to analysts’ expectations of $121.10 million. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. As a group, equities analysts expect that Skillsoft Corp. will post 3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its position in 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 buying an additional 1,343 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Skillsoft during the second quarter worth $39,000. New York State Common Retirement Fund acquired a new position in shares of Skillsoft during the second quarter worth $96,000. Public Employees Retirement System of Ohio lifted its position 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 worth $57,000 after purchasing an additional 4,705 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Skillsoft by 374.2% during the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock worth $68,000 after purchasing an additional 5,785 shares in the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Skillsoft Company Profile

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.