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

Key Points

• CEO Ronald Hovsepian bought 4,508 Skillsoft shares at an average price of $5.46, increasing his direct stake by 1.32% to 345,857 shares.
• Skillsoft shares recently traded at $6.38, well below their 52-week high of $18.45. The company has a $58.1 million market capitalization and continues to report negative profitability metrics.
• Skillsoft exceeded quarterly EPS expectations ($1.17 versus $0.83) but slightly missed revenue estimates, while analysts maintain a consensus “Reduce” rating. Institutional investors own approximately 87% of the company.

Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian acquired 4,508 shares of the company's stock in a transaction on Tuesday, September 15th. The shares were purchased at an average cost of $5.46 per share, with a total value of $24,613.68. Following the completion of the acquisition, the chief executive officer directly owned 345,857 shares in the company, valued at approximately $1,888,379.22. The trade was a 1.32% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skillsoft Stock Performance

Skillsoft stock traded up $0.28 during trading hours on Thursday, reaching $6.38. 107,876 shares of the company's stock traded hands, compared to its average volume of 147,326. Skillsoft Corp. has a fifty-two week low of $3.43 and a fifty-two week high of $18.45. The firm has a market capitalization of $58.09 million, a price-to-earnings ratio of -0.34, a PEG ratio of 0.19 and a beta of 2.22. The firm's 50 day moving average is $7.09 and its 200-day moving average is $6.38.

Skillsoft (NYSE:SKIL - Get Free Report) last issued its quarterly 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. The company had revenue of $98.25 million during the quarter, compared to analysts' expectations of $99.00 million. Skillsoft had a negative net margin of 36.13% and a negative return on equity of 74.19%. Analysts predict that Skillsoft Corp. will post 3.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on SKIL. Oppenheimer reiterated a "market perform" rating on shares of Skillsoft in a research 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 data from MarketBeat, Skillsoft currently has a consensus rating of "Reduce".

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of Skillsoft in the second quarter valued at approximately $98,000. Renaissance Technologies LLC raised its holdings in shares of Skillsoft by 11.1% during the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock worth $262,000 after acquiring an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 2,985 shares during the period. Institutional investors own 87.00% of the company's stock.

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.

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