Skillsoft (NASDAQ:SKIL) Shares Down 10.1%

Skillsoft Corp. (NASDAQ:SKIL – Get Rating)’s stock price traded down 10.1% on Tuesday . The stock traded as low as $1.60 and last traded at $1.61. 219,019 shares traded hands during trading, a decline of 41% from the average session volume of 369,627 shares. The stock had previously closed at $1.79.

Analyst Upgrades and Downgrades

Separately, Barclays decreased their price target on Skillsoft from $4.00 to $3.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th.

Skillsoft Stock Down 10.1 %

The business has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.67. The stock has a market capitalization of $258.49 million, a P/E ratio of -0.36 and a beta of 1.32. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.09.

Hedge Funds Weigh In On Skillsoft

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP boosted its stake in Skillsoft by 180.6% in the first quarter. Susquehanna International Group LLP now owns 50,569 shares of the company’s stock worth $101,000 after purchasing an additional 32,547 shares in the last quarter. Jane Street Group LLC acquired a new position in Skillsoft in the first quarter worth $194,000. Geode Capital Management LLC boosted its stake in Skillsoft by 7.9% in the first quarter. Geode Capital Management LLC now owns 1,558,836 shares of the company’s stock worth $3,118,000 after purchasing an additional 113,673 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Skillsoft by 80.1% in the first quarter. Renaissance Technologies LLC now owns 54,200 shares of the company’s stock worth $108,000 after purchasing an additional 24,100 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Skillsoft by 20.8% in the first quarter. Bank of America Corp DE now owns 114,259 shares of the company’s stock worth $229,000 after purchasing an additional 19,686 shares in the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

Skillsoft Company Profile

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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.