Skillsoft Corp. (NASDAQ:SKIL) CEO Jeffrey R. Tarr Purchases 30,000 Shares

Posted by on Jun 17th, 2022

Skillsoft Corp. (NASDAQ:SKIL – Get Rating) CEO Jeffrey R. Tarr purchased 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The shares were purchased at an average price of $4.44 per share, for a total transaction of $133,200.00. Following the completion of the acquisition, the chief executive officer now owns 437,857 shares of the company’s stock, valued at approximately $1,944,085.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SKIL opened at $4.27 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50. Skillsoft Corp. has a twelve month low of $4.11 and a twelve month high of $12.88. The company’s 50-day moving average price is $5.32 and its two-hundred day moving average price is $6.84.

Skillsoft (NASDAQ:SKIL – Get Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. Skillsoft had a negative net margin of 17.48% and a negative return on equity of 9.75%. Sell-side analysts expect that Skillsoft Corp. will post -0.58 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Piper Sandler cut their price target on shares of Skillsoft from $7.00 to $5.00 in a report on Thursday, June 9th. Colliers Securities assumed coverage on shares of Skillsoft in a report on Wednesday, March 16th. They set a “buy” rating and a $13.00 price target on the stock. B. Riley cut their price target on shares of Skillsoft from $14.00 to $11.00 in a report on Tuesday, June 7th. Finally, Barclays began coverage on shares of Skillsoft in a report on Thursday, May 5th. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Skillsoft presently has a consensus rating of “Buy” and a consensus price target of $12.67.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. purchased a new stake in Skillsoft in the 4th quarter worth approximately $35,000. Schonfeld Strategic Advisors LLC bought a new position in Skillsoft in the 3rd quarter worth about $349,000. Naspers Ltd. purchased a new stake in shares of Skillsoft in the 4th quarter valued at about $457,500,000. Geode Capital Management LLC purchased a new position in shares of Skillsoft during the third quarter worth about $6,559,000. Finally, BlackRock Inc. grew its holdings in shares of Skillsoft by 19,477.1% during the third quarter. BlackRock Inc. now owns 867,462 shares of the company’s stock worth $10,140,000 after purchasing an additional 863,031 shares in the last quarter. 80.16% of the stock is currently owned by institutional investors.

About Skillsoft (Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company operates through Content, Global Knowledge, and SumTotal segments. It offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

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