Potential Skillsoft Corp. (NYSE:SKIL) shareholders may wish to note that the Independent Director, James Frankola, recently bought US$129k worth of stock, paying US$5.14 for each share. That's a very solid buy in our book, and increased their holding by a noteworthy 23%.
Skillsoft Insider Transactions Over The Last Year
Notably, that recent purchase by Independent Director James Frankola was not the only time they bought Skillsoft shares this year. Earlier in the year, they paid US$6.06 per share in a US$303k purchase. That implies that an insider found the current price of US$6.19 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Skillsoft share holders is that insiders were buying at near the current price.
While Skillsoft insiders bought shares during the last year, they didn't sell. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Check out our latest analysis for Skillsoft
Skillsoft is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Insiders own 13% of Skillsoft shares, worth about US$7.6m, according to our data. We do generally prefer see higher levels of insider ownership.
What Might The Insider Transactions At Skillsoft Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Skillsoft insiders are reasonably well aligned, and optimistic for the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Skillsoft. At Simply Wall St, we've found that Skillsoft has 4 warning signs (2 are potentially serious!) that deserve your attention before going any further with your analysis.
But note: Skillsoft may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.