Jim Frankola Sells Shares of Skillsoft Corp.
Jim Frankola recently sold 12,430 shares of Skillsoft Corp. on June 25.
Key Points
- Jim Frankola sold 12,430 shares of Skillsoft Corp. on June 25, with the stock trading near $6.19.
- Skillsoft Corp. has a market cap of about $55.5 million and a forward P/E ratio of 1.33.
- Vanguard Capital Management LLC opened a new position with 202,895 shares, valued at $870,420.
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Jim Frankola recently sold 12,430 shares of Skillsoft Corp. (NYSE: SKIL) on June 25. This transaction was not planned under a Rule 10b5-1 plan. Shares of Skillsoft traded near $6.19 on Saturday.
Other Institutional Activity in Skillsoft Corp.
Several institutional investors have also adjusted their positions in Skillsoft Corp. Vanguard Capital Management LLC opened a new position with 202,895 shares, valued at approximately $870,420. BlackRock, Inc. increased its holdings by 30,764 shares, ending with 327,451 shares worth about $1.40 million, marking a 10.4% increase. On the other hand, Paradice Investment Management LLC reduced its stake by 9,144 shares, bringing its total to 567,149 shares valued at $2.43 million, a decrease of 1.6%. Goldman Sachs Group Inc. also cut its holdings by 23,541 shares, resulting in 281,425 shares valued at $1.21 million, a 7.7% decrease.
Skillsoft Corp. Stock Down 10.7%
Shares of Skillsoft Corp. (NYSE: SKIL) traded near $6.19 on Saturday. The company has a market capitalization of approximately $55.5 million and a forward P/E ratio of 1.33. Skillsoft's beta is 2.237, indicating its volatility compared to the market. Over the past year, the stock has seen a low of $3.43 and a high of $18.45. The 50-day moving average is $7.09, while the 200-day moving average is $8.51. The company has a current ratio of 0.914 and a quick ratio of 0.614.
$SKIL stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Skillsoft Corp.
On June 25, several insiders at Skillsoft Corp. were active in trading the company's stock. Helena Foulkes sold 12,430 shares, while Arthur Gilliland purchased 6,250 shares. Karen Mills and Michael Stuart Klein each bought 12,430 shares. Peter Schmitt both sold and bought 12,430 shares on the same day.
Analysts Set New Price Targets
On July 12, 2024, Barclays reiterated its "buy" rating for Skillsoft Corp. with a price target of $20. Earlier, on May 1, 2024, Citi maintained a "buy" rating with a target of $50. The consensus among analysts is a "buy" rating, with an average price target reflecting strong confidence in the stock's potential.
About Skillsoft Corp.
Skillsoft Corp. is a provider of skills management platforms and learning solutions. The company, headquartered in Nashua, New Hampshire, operates in the Education & Training Services industry within the Consumer Defensive sector. It offers a range of services, including the Skills Management Platform and Learner Platform, which provide interactive learning experiences. Skillsoft also delivers instructor-led training and operates Percipio, an enterprise skills management platform. The company was founded in 2019 and is led by CEO Ronald W. Hovsepian, employing over 2,200 people.
Bottom Line
Jim Frankola's recent sale of Skillsoft shares is part of a broader pattern of insider activity at the company. Investors keep a close eye on such moves, although they don't always indicate a company's future performance. Skillsoft's stock remains volatile, with its market cap and forward P/E suggesting potential value. Institutional investors have shown mixed actions, with some opening new positions while others reduce their stakes.
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