Skillsoft (NYSE:SKIL) CEO Purchases $83,306.04 in Stock

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian purchased 12,777 shares of Skillsoft stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $6.52 per share, with a total value of $83,306.04. Following the completion of the purchase, the chief executive officer directly owned 362,746 shares in the company, valued at $2,365,103.92. This trade represents a 3.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Skillsoft Price Performance

Shares of NYSE SKIL opened at $5.95 on Thursday. The firm has a market cap of $54.11 million, a price-to-earnings ratio of -0.32, a P/E/G ratio of 0.19 and a beta of 2.22. The stock’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $6.45. Skillsoft Corp. has a one year low of $3.43 and a one year high of $18.45.

Skillsoft (NYSE:SKIL) last posted its earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.34. The company had revenue of $98.25 million during the quarter, compared to the consensus estimate of $99.00 million. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%. On average, equities analysts anticipate that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. 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 report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Skillsoft currently has an average rating of “Reduce”.

Hedge Funds Weigh In On Skillsoft

A number of institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in Skillsoft during the 2nd quarter worth $98,000. Renaissance Technologies LLC raised its position 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 purchasing an additional 6,100 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 2,985 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Company Profile

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.