Skillsoft (NYSE:SKIL) CEO Ronald Hovsepian Acquires 4,508 Shares of Stock

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

Skillsoft Price Performance

Shares of NYSE:SKIL opened at $6.38 on Friday. The company has a market cap of $58.09 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.20 and a beta of 2.22. The firm has a 50 day simple moving average of $7.07 and a 200 day simple moving average of $6.40. Skillsoft Corp. has a one year low of $3.43 and a one year high of $18.45.

Skillsoft (NYSE:SKIL) last posted its earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share for the quarter, topping 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 firm had revenue of $98.25 million for the quarter, compared to analysts’ expectations of $99.00 million. As a group, analysts expect that Skillsoft Corp. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Oppenheimer reiterated a “market perform” rating on shares of Skillsoft in a research report on Thursday, September 10th. Weiss Ratings raised Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research note 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, the stock has an average rating of “Reduce”.

Institutional Trading of Skillsoft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in shares of Skillsoft during the second quarter valued at approximately $98,000. Renaissance Technologies LLC boosted its position in Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock worth $262,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted 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 last quarter. 87.00% of the stock is owned by institutional investors.

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.