Jim Frankola Acquires 25,000 Shares of Skillsoft (NYSE:SKIL) Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average cost of $5.14 per share, with a total value of $128,500.00. Following the completion of the acquisition, the director directly owned 132,736 shares in the company, valued at approximately $682,263.04. This represents a 23.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Skillsoft Stock Performance

Shares of SKIL opened at $6.37 on Friday. The company has a market cap of $57.96 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.21 and a beta of 2.22. The stock has a fifty day moving average price of $7.05 and a two-hundred day moving average price of $6.40. Skillsoft Corp. has a 52-week low of $3.43 and a 52-week high of $18.45.

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

Institutional Investors Weigh In On Skillsoft

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted 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 worth $67,000 after buying an additional 2,985 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Skillsoft in the 2nd quarter valued at about $98,000. Finally, Renaissance Technologies LLC increased its stake in shares of Skillsoft by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after acquiring an additional 6,100 shares during the last quarter. Institutional investors own 87.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SKIL shares. Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a report on Thursday, September 10th. Weiss Ratings upgraded 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’s stock. According to MarketBeat.com, the stock 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.