Jim Frankola Buys 25,000 Shares of Skillsoft (NYSE:SKIL) Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola purchased 25,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of $5.14 per share, for a total transaction of $128,500.00. Following the completion of the transaction, the director owned 132,736 shares of the company’s stock, valued at $682,263.04. The trade was a 23.20% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skillsoft Stock Performance

Shares of Skillsoft stock traded up $0.28 during trading on Thursday, reaching $6.38. The company’s stock had a trading volume of 107,876 shares, compared to its average volume of 147,326. Skillsoft Corp. has a one year low of $3.43 and a one year high of $18.45. The firm has a market cap of $58.09 million, a price-to-earnings ratio of -0.34, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22. The business’s fifty day moving average price is $7.09 and its 200-day moving average price is $6.38.

Skillsoft (NYSE:SKIL) last announced its earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.34. The firm 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%. Sell-side analysts anticipate that Skillsoft Corp. will post 3.05 EPS for the current year.

Institutional Trading of Skillsoft

A number of hedge funds have recently modified their holdings of SKIL. Renaissance Technologies LLC increased its position in shares of Skillsoft by 11.1% during 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 period. Squarepoint Ops LLC bought a new position in Skillsoft in the second quarter worth $98,000. Finally, Bank of New York Mellon Corp lifted its position 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 worth $67,000 after purchasing an additional 2,985 shares during the period. Institutional investors own 87.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SKIL. Oppenheimer restated a “market perform” rating on shares of Skillsoft in a research note on Thursday, September 10th. Weiss Ratings upgraded shares of Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Two equities 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, the stock currently 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.