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

by · The Markets Daily

Skillsoft Corp. (NYSE:SKIL – Get Free Report) CEO Ronald Hovsepian acquired 4,508 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were bought at an average price of $5.46 per share, for a total transaction of $24,613.68. Following the completion of the transaction, the chief executive officer owned 345,857 shares of the company’s stock, valued at approximately $1,888,379.22. This trade represents a 1.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Skillsoft Stock Performance

Shares of Skillsoft stock opened at $6.37 on Friday. The stock has a market cap of $57.96 million, a price-to-earnings ratio of -0.34, a price-to-earnings-growth ratio of 0.21 and a beta of 2.22. The stock has a 50 day moving average price of $7.05 and a 200-day moving average price of $6.40. Skillsoft Corp. has a one year low of $3.43 and a one 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 the consensus estimate of $0.83 by $0.34. The company had revenue of $98.25 million for the quarter, compared to analyst estimates of $99.00 million. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%. Sell-side analysts predict that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings raised shares of Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. Oppenheimer reissued 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Research Report on Skillsoft

Institutional Trading of Skillsoft

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Skillsoft by 11.1% during the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after purchasing an additional 6,100 shares during the period. Squarepoint Ops LLC bought a new stake in Skillsoft during the 2nd quarter valued at about $98,000. Finally, Bank of New York Mellon Corp boosted its position in 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 buying an additional 2,985 shares during the period. 87.00% of the stock is currently owned by institutional investors.

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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