Skillsoft (NYSE:SKIL) Stock: Insider Ronald Hovsepian Purchases 8,325 Shares

Skillsoft Corp. (NYSE:SKIL – Get Free Report) CEO Ronald Hovsepian acquired 8,325 shares of the company’s stock in a transaction on Monday, September 21st. The shares were bought at an average price of $6.10 per share, for a total transaction of $50,782.50. Following the completion of the purchase, the chief executive officer owned 371,071 shares in the company, valued at approximately $2,263,533.10. This represents a 2.29% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Skillsoft Price Performance

NYSE SKIL opened at $6.11 on Friday. The company has a fifty day moving average price of $6.99 and a 200-day moving average price of $6.46. The firm has a market cap of $55.63 million, a price-to-earnings ratio of -0.33, a PEG 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 – Get Free Report) last released 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 company had revenue of $98.25 million for the quarter, compared to analyst estimates of $99.00 million. On average, research analysts anticipate that Skillsoft Corp. will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SKIL. Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 2,985 shares during the period. Renaissance Technologies LLC raised its stake in shares of Skillsoft by 11.1% in 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, Squarepoint Ops LLC purchased a new position in shares of Skillsoft during the 2nd quarter valued at $98,000. 87.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on SKIL shares. Weiss Ratings raised Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Oppenheimer restated a “market perform” rating on shares of Skillsoft in a research note on Thursday, September 10th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Skillsoft has an average rating of “Reduce”.

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Skillsoft Company Profile

(Get Free Report)

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.

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