Ronald Hovsepian Purchases 12,777 Shares of Skillsoft (NYSE:SKIL) Stock

Key Points

• CEO Ronald Hovsepian purchased 12,777 Skillsoft shares at an average price of $6.52, investing approximately $83,306 and increasing his direct stake by 3.65% to 362,746 shares.
• Skillsoft shares recently traded at $6.00, below their 50-day moving average of $7.05 but above the 200-day average of $6.41. The stock has ranged from $3.43 to $18.45 over the past year.
• Skillsoft beat quarterly EPS expectations ($1.17 versus $0.83) but reported slightly lower-than-expected revenue and continued negative profitability metrics; analysts’ average rating remains “Reduce.”

Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian bought 12,777 shares of the business's stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average price of $6.52 per share, with a total value of $83,306.04. Following the completion of the purchase, the chief executive officer directly owned 362,746 shares in the company, valued at $2,365,103.92. The trade was a 3.65% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Skillsoft Stock Performance

Skillsoft stock traded down $0.19 during midday trading on Monday, reaching $6.00. 70,612 shares of the company's stock were exchanged, compared to its average volume of 147,121. The stock's 50-day simple moving average is $7.05 and its 200 day simple moving average is $6.41. The firm has a market cap of $54.60 million, a price-to-earnings ratio of -0.32, a P/E/G ratio of 0.20 and a beta of 2.22. Skillsoft Corp. has a 52 week low of $3.43 and a 52 week high of $18.45.

Skillsoft (NYSE:SKIL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $98.25 million for the quarter, compared to analyst estimates of $99.00 million. Research analysts forecast that Skillsoft Corp. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SKIL shares. Weiss Ratings upgraded shares of Skillsoft from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 5th. Oppenheimer reaffirmed a "market perform" rating on shares of Skillsoft in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce".

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC acquired a new position in shares of Skillsoft during the 2nd quarter worth approximately $98,000. Renaissance Technologies LLC boosted its stake in shares of Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock valued at $262,000 after buying an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp grew its position 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 in the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

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.

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