Skillsoft (NYSE:SKIL) CEO Ronald Hovsepian Buys 8,325 Shares of Stock

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian acquired 8,325 shares of Skillsoft stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average cost of $6.10 per share, with a total value of $50,782.50. Following the transaction, the chief executive officer owned 371,071 shares in the company, valued at $2,263,533.10. This represents a 2.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Skillsoft Trading Up 0.1%

NYSE:SKIL traded up $0.01 during trading hours on Wednesday, reaching $5.95. 99,259 shares of the company traded hands, compared to its average volume of 146,405. The business’s 50-day moving average price is $7.01 and its two-hundred day moving average price is $6.44. The stock has a market capitalization of $54.11 million, a P/E ratio of -0.32, a P/E/G ratio of 0.19 and a beta of 2.22. Skillsoft Corp. has a 1 year low of $3.43 and a 1 year 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, topping analysts’ consensus estimates of $0.83 by $0.34. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%.The firm had revenue of $98.25 million for the quarter, compared to analysts’ expectations of $99.00 million. As a group, equities analysts anticipate that Skillsoft Corp. will post 3.05 EPS for the current year.

Institutional Trading of Skillsoft

A number of institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in shares of Skillsoft in the 2nd quarter worth approximately $98,000. Renaissance Technologies LLC grew its position in 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 buying an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp grew its position 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 valued at $67,000 after buying an additional 2,985 shares during the period. Institutional investors own 87.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SKIL. Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a research 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 research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. 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.