Insider Buying: Skillsoft (NYSE:SKIL) Director Buys $139,380.00 in Stock

Skillsoft Corp. (NYSE:SKIL) Director Jim Frankola bought 23,000 shares of Skillsoft stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of $6.06 per share, for a total transaction of $139,380.00. Following the purchase, the director owned 68,306 shares of the company’s stock, valued at approximately $413,934.36. This trade represents a 50.77% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jim Frankola also recently made the following trade(s):

• On Monday, June 15th, Jim Frankola bought 27,000 shares of Skillsoft stock. The stock was purchased at an average price of $6.05 per share, with a total value of $163,350.00.

Skillsoft Price Performance

SKIL stock opened at $7.39 on Friday. Skillsoft Corp. has a 12 month low of $3.43 and a 12 month high of $18.45. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 142.97. The company has a 50-day moving average price of $6.80 and a 200 day moving average price of $6.64. The stock has a market cap of $66.32 million, a PE ratio of -0.45, a P/E/G ratio of 0.23 and a beta of 2.23.

Skillsoft (NYSE:SKIL) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.05 by $1.11. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $121.10 million. Equities research analysts anticipate that Skillsoft Corp. will post 3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Institutional Trading of Skillsoft

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Skillsoft by 133.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 304,966 shares of the company’s stock worth $2,836,000 after purchasing an additional 174,429 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Skillsoft by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after buying an additional 1,841 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Skillsoft by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 106,457 shares of the company’s stock valued at $990,000 after buying an additional 3,317 shares in the last quarter. UBS Group AG boosted its position in Skillsoft by 17.4% in the 3rd quarter. UBS Group AG now owns 85,449 shares of the company’s stock valued at $1,113,000 after buying an additional 12,692 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Skillsoft by 11.1% in the 1st 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. 87.00% of the stock is owned by hedge funds and other institutional investors.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.