Jim Frankola Buys 27,000 Shares of Skillsoft (NYSE:SKIL) Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola bought 27,000 shares of the stock in a transaction on Monday, June 15th. The stock was purchased at an average cost of $6.05 per share, for a total transaction of $163,350.00. Following the acquisition, the director owned 95,306 shares of the company’s stock, valued at $576,601.30. This trade represents a 39.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jim Frankola also recently made the following trade(s):

• On Friday, June 12th, Jim Frankola bought 23,000 shares of Skillsoft stock. The stock was purchased at an average cost of $6.06 per share, for a total transaction of $139,380.00.

Skillsoft Stock Performance

Shares of NYSE SKIL traded up $0.19 during midday trading on Tuesday, hitting $6.14. 78,209 shares of the company’s stock traded hands, compared to its average volume of 174,766. The firm has a fifty day moving average of $6.65 and a 200 day moving average of $6.71. The stock has a market capitalization of $55.08 million, a price-to-earnings ratio of -0.37, a price-to-earnings-growth ratio of 0.20 and a beta of 2.23. Skillsoft Corp. has a 1 year low of $3.43 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.91 and a current ratio of 0.91.

Skillsoft (NYSE:SKIL) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $1.11. The firm had revenue of $94.50 million during the quarter, compared to the consensus estimate of $121.10 million. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. On average, analysts forecast that Skillsoft Corp. will post 3 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after purchasing an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Skillsoft by 20.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after purchasing an additional 1,593 shares during the period. JPMorgan Chase & Co. raised its position in Skillsoft by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock worth $406,000 after purchasing an additional 1,772 shares during the period. Vanguard Group Inc. raised its position in Skillsoft by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock worth $3,356,000 after purchasing an additional 1,841 shares during the period. Finally, State Street Corp raised its position in Skillsoft by 4.2% in the 4th quarter. State Street Corp now owns 56,560 shares of the company’s stock worth $526,000 after purchasing an additional 2,289 shares during the period. Institutional investors own 87.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Skillsoft currently has an average rating of “Reduce”.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.