Goldman Sachs Group Inc. Buys 82,860 Shares of Skillsoft Corp. $SKIL

Key Points

• Goldman Sachs Group Inc. increased its stake in Skillsoft Corp. ($SKIL) by 122.9%, now holding approximately 1.75% of the company worth $2.89 million.
• Skillsoft's stock underwent mixed ratings with Wall Street Zen downgrading it to "hold" while Zacks Research upgraded it to "strong-buy," reflecting a consensus average rating of "Strong Buy".
• As of its latest market performance, Skillsoft Corp. has a market cap of $123.68 million with shares priced around $14.20, showing significant fluctuations over the past year.

Goldman Sachs Group Inc. lifted its stake in shares of Skillsoft Corp. (NYSE:SKIL - Free Report) by 122.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,254 shares of the company's stock after buying an additional 82,860 shares during the period. Goldman Sachs Group Inc. owned about 1.75% of Skillsoft worth $2,891,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. AREX Capital Management LP grew its stake in shares of Skillsoft by 16.8% in the first quarter. AREX Capital Management LP now owns 398,960 shares of the company's stock worth $7,676,000 after purchasing an additional 57,239 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Skillsoft in the first quarter worth $1,411,000. Millennium Management LLC grew its stake in shares of Skillsoft by 12.5% in the fourth quarter. Millennium Management LLC now owns 58,041 shares of the company's stock worth $1,391,000 after purchasing an additional 6,441 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Skillsoft by 286.0% in the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company's stock worth $774,000 after purchasing an additional 29,914 shares during the last quarter. Finally, Informed Momentum Co LLC bought a new stake in shares of Skillsoft in the first quarter worth $606,000. Institutional investors own 87.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SKIL. Zacks Research raised shares of Skillsoft from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. Wall Street Zen cut shares of Skillsoft from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of "Strong Buy".

Skillsoft Stock Up 0.0%

Shares of SKIL stock traded up $0.01 on Tuesday, reaching $14.06. 18,083 shares of the company were exchanged, compared to its average volume of 45,204. The company has a market cap of $122.43 million, a price-to-earnings ratio of -1.02 and a beta of 1.58. The company has a 50-day moving average of $14.65 and a 200-day moving average of $17.29. The company has a debt-to-equity ratio of 13.45, a current ratio of 0.85 and a quick ratio of 0.85. Skillsoft Corp. has a one year low of $12.22 and a one year high of $34.42.

Skillsoft Profile

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.