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

Key Points

• Skillsoft director Jim Frankola bought 25,000 shares at an average price of $5.14, investing $128,500 and increasing his direct ownership by 23.2% to 132,736 shares.
• Skillsoft reported quarterly EPS of $1.17, beating analyst expectations of $0.83, while revenue of $98.25 million fell slightly short of the $99 million estimate. The company continues to report negative profitability metrics, including a 36.13% net margin.
• SKIL shares recently traded at $6.38, with a 52-week range of $3.43 to $18.45. Analysts maintain a cautious outlook, with a consensus rating of “Reduce”, while institutional investors own approximately 87% of the stock.

Skillsoft Corp. (NYSE:SKIL - Get Free Report) Director Jim Frankola purchased 25,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The stock was bought at an average cost of $5.14 per share, for a total transaction of $128,500.00. Following the completion of the purchase, the director directly owned 132,736 shares of the company's stock, valued at $682,263.04. The trade was a 23.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Skillsoft Stock Performance

Shares of NYSE:SKIL traded up $0.28 during midday trading on Thursday, hitting $6.38. 107,876 shares of the stock were exchanged, compared to its average volume of 147,326. The company has a market capitalization of $58.09 million, a PE ratio of -0.34, a P/E/G ratio of 0.19 and a beta of 2.22. Skillsoft Corp. has a 52-week low of $3.43 and a 52-week high of $18.45. The business's fifty day simple moving average is $7.09 and its two-hundred day simple moving average is $6.38.

Skillsoft (NYSE:SKIL - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $98.25 million during the quarter, compared to analyst estimates of $99.00 million. As a group, equities analysts anticipate that Skillsoft Corp. will post 3.05 EPS for the current year.

Institutional Investors Weigh In On Skillsoft

A number of large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of Skillsoft in the second quarter valued at approximately $98,000. Renaissance Technologies LLC boosted its holdings in shares of Skillsoft by 11.1% during the 1st quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock worth $262,000 after buying an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp grew its stake 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 last quarter. Institutional investors own 87.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Oppenheimer restated a "market perform" rating on shares of Skillsoft in a research note on Thursday, September 10th. Weiss Ratings raised shares of 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce".

About Skillsoft

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.