Skillsoft (NYSE:SKIL) CEO Ronald Hovsepian Acquires 11,196 Shares of Company Stock

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian bought 11,196 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was bought at an average price of $5.93 per share, for a total transaction of $66,392.28. Following the transaction, the chief executive officer owned 382,267 shares of the company’s stock, valued at approximately $2,266,843.31. This trade represents a 3.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Skillsoft Stock Down 2.5%

SKIL stock opened at $5.96 on Friday. Skillsoft Corp. has a 52 week low of $3.43 and a 52 week high of $18.45. The firm has a 50-day simple moving average of $6.98 and a 200-day simple moving average of $6.45. The stock has a market capitalization of $54.28 million, a P/E ratio of -0.32, a P/E/G ratio of 0.20 and a beta of 2.22.

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

Institutional Trading of Skillsoft

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of Skillsoft by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock worth $262,000 after purchasing an additional 6,100 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Skillsoft in the second quarter valued at approximately $98,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.