Skillsoft CEO Ronald Hovsepian buys $66,414 in shares
Skillsoft CEO Ronald Hovsepian made a substantial investment in his own company, acquiring 11,196 shares of Skillsoft Corp. (NASDAQ: SKIL) on September 23, 2026, at a weighted average price of $5.932 per share, totaling $66,414. Despite recent volatility, with the stock price down 55% over the past year but up 44% in the last six months, the purchase indicates confidence in the company's value.
With the stock trading below the platform's Fair Value of $6.89, the acquisition suggests potential undervaluation. Hovsepian now holds a total of 382,267 shares of Skillsoft Corp. Following this transaction, the company reported mixed financial results for its fiscal second quarter of 2027, exceeding earnings per share expectations but falling short of revenue forecasts.
The company has maintained impressive gross profit margins of 74% and has lowered its fiscal 2027 revenue outlook by $12 million due to increasing consumer pressure. Despite these challenges, Skillsoft has kept its adjusted EBITDA outlook and free cash flow guidance, citing effective cost management as a stabilizing factor. Oppenheimer has reaffirmed a Perform rating for the company, acknowledging these cost control measures amid financial uncertainties.
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