Skillsoft (NYSE:SKIL) Director Acquires $139,380.00 in Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola purchased 23,000 shares of the stock in a transaction dated Friday, June 12th. The shares were purchased 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 approximately $413,934.36. This represents a 50.77% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 15th, Jim Frankola purchased 27,000 shares of Skillsoft stock. The shares were purchased at an average price of $6.05 per share, with a total value of $163,350.00.

Skillsoft Trading Up 3.2%

Shares of NYSE SKIL traded up $0.19 during midday trading on Tuesday, reaching $6.14. 78,209 shares of the stock were exchanged, compared to its average volume of 174,766. The company has a market capitalization of $55.08 million, a P/E ratio of -0.37, a P/E/G ratio of 0.20 and a beta of 2.23. Skillsoft Corp. has a 52-week low of $3.43 and a 52-week high of $18.45. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 142.97. The stock has a 50 day moving average price of $6.65 and a 200-day moving average price of $6.71.

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

Institutional Investors Weigh In On Skillsoft

A number of institutional investors have recently bought and sold shares of SKIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Skillsoft in the second quarter valued at approximately $39,000. Bank of America Corp DE grew its holdings in Skillsoft by 330.0% in 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. Public Employees Retirement System of Ohio grew its holdings in Skillsoft by 330.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock valued at $57,000 after purchasing an additional 4,705 shares during the period. Bank of New York Mellon Corp grew its holdings in Skillsoft by 23.7% in 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 during the period. Finally, NewEdge Advisors LLC grew its holdings in Skillsoft by 374.2% in the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock valued at $68,000 after purchasing an additional 5,785 shares during the period. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Skillsoft presently 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.