Skillsoft (NYSE:SKIL) Trading 0.3% Higher - Here's What Happened

Key Points

• Skillsoft Corp. shares rose 0.3% on Monday, reaching a trading high of $14.55 before closing at $14.04 with a trading volume increase compared to the average.
• Research analysts have given mixed ratings for Skillsoft, with Wall Street Zen upgrading it to "buy" and Weiss Ratings maintaining a "sell" rating, resulting in a consensus rating of "Moderate Buy".
• Institutional investors own 87% of Skillsoft's stock, with notable increases in holdings from firms like Bank of America Corp, which raised its stake by 330% in the fourth quarter.

Skillsoft Corp. (NYSE:SKIL - Get Free Report)'s share price traded up 0.3% on Monday . The company traded as high as $14.55 and last traded at $14.04. 60,332 shares traded hands during trading, an increase of 1% from the average session volume of 59,529 shares. The stock had previously closed at $14.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Skillsoft from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Skillsoft in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Skillsoft from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Skillsoft Stock Up 0.3%

The stock has a market cap of $122.29 million, a P/E ratio of -1.01, a P/E/G ratio of 0.91 and a beta of 1.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.45. The firm's fifty day moving average is $14.40 and its 200 day moving average is $16.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKIL. Bank of America Corp DE increased its holdings in shares of Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after purchasing an additional 1,343 shares during the period. Informed Momentum Co LLC bought a new position in shares of Skillsoft during the 1st quarter worth about $606,000. OMERS ADMINISTRATION Corp bought a new position in shares of Skillsoft during the 1st quarter worth about $308,000. Cubist Systematic Strategies LLC increased its holdings in shares of Skillsoft by 20.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company's stock worth $180,000 after purchasing an additional 1,593 shares during the period. Finally, AREX Capital Management LP increased its holdings in shares of Skillsoft by 16.8% during the 1st 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 period. Institutional investors own 87.00% of the company's stock.

About Skillsoft

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.

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