Skillsoft (NYSE:SKIL) CEO Ronald Hovsepian Buys 4,508 Shares

Skillsoft Corp. (NYSE:SKIL) CEO Ronald Hovsepian purchased 4,508 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average price of $5.46 per share, for a total transaction of $24,613.68. Following the completion of the acquisition, the chief executive officer owned 345,857 shares of the company’s stock, valued at approximately $1,888,379.22. This represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Skillsoft Trading Up 4.6%

Shares of SKIL stock traded up $0.28 on Thursday, hitting $6.38. 107,876 shares of the stock were exchanged, compared to its average volume of 147,326. The firm has a market capitalization of $58.09 million, a P/E ratio of -0.34, a price-to-earnings-growth ratio of 0.19 and a beta of 2.22. Skillsoft Corp. has a fifty-two week low of $3.43 and a fifty-two week high of $18.45. The business has a 50-day moving average of $7.09 and a 200 day moving average of $6.38.

Skillsoft (NYSE:SKIL) last released its earnings results on Wednesday, September 9th. The company reported $1.17 EPS for the quarter, beating the consensus estimate 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, research analysts forecast that Skillsoft Corp. will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

A number of institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in Skillsoft by 11.1% during the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock worth $262,000 after acquiring an additional 6,100 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Skillsoft in the second quarter valued at $98,000. Finally, Bank of New York Mellon Corp grew its position in shares of Skillsoft by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock valued at $67,000 after acquiring an additional 2,985 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Oppenheimer restated 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 research 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. According to data from MarketBeat.com, the company 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.