Skillsoft (NYSE:SKIL) CEO Buys $16,603.47 in Stock

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian acquired 2,691 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was bought at an average price of $6.17 per share, with a total value of $16,603.47. Following the transaction, the chief executive officer directly owned 349,969 shares in the company, valued at $2,159,308.73. The trade was a 0.77% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Skillsoft Stock Performance

SKIL traded down $0.19 during mid-day trading on Monday, reaching $6.00. The stock had a trading volume of 70,612 shares, compared to its average volume of 147,121. The stock has a market capitalization of $54.60 million, a P/E ratio of -0.32, a P/E/G ratio of 0.20 and a beta of 2.22. The firm’s fifty day simple moving average is $7.05 and its two-hundred day simple moving average is $6.41. Skillsoft Corp. has a 52 week low of $3.43 and a 52 week high of $18.45.

Skillsoft (NYSE:SKIL) last released its earnings results on Wednesday, September 9th. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.83 by $0.34. The company had revenue of $98.25 million during the quarter, compared to analysts’ expectations of $99.00 million. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%. As a group, analysts expect that Skillsoft Corp. will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SKIL. Squarepoint Ops LLC acquired a new stake in shares of Skillsoft during the second quarter worth $98,000. Renaissance Technologies LLC lifted its stake in Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after buying an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Skillsoft by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock worth $67,000 after buying an additional 2,985 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SKIL has been the subject of several recent research reports. Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a report on Thursday, September 10th. Weiss Ratings raised shares of Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce”.

About Skillsoft

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.