5 Stocks to Sell Now According to Michael Zimmerman’s Prentice Capital Management

4. Skillsoft Corp. (NYSE:SKIL)

Number of Hedge Fund Holders: 21
Percentage Decrease in Stake in Q4: 100%

Skillsoft Corp. (NYSE:SKIL) is a company that specializes in enterprise learning solutions. It is divided into three sections – Content, Global Knowledge, and SumTotal. Prentice Capital Management first purchased a stake in Skillsoft Corp. (NYSE:SKIL) during the third quarter of 2021, buying close to 111,178 shares. In the next quarter, this position was totally sold off.

Piper Sandler analyst Arvind Ramnani reduced his price objective on Skillsoft Corp. (NYSE:SKIL) to $10 from $12 on January 13 and maintained a Neutral rating on the stock. Following repeated resets and estimate revisions, the analyst lowered price targets on 20 vertical software and fintech equities.

In the fourth quarter of 2021, hedge fund sentiment decreased for Skillsoft Corp. (NYSE:SKIL). According to data compiled by Insider Monkey, 21 hedge funds owned shares in Skillsoft Corp. (NYSE:SKIL) at the end of the fourth quarter, down from 23 funds a quarter earlier.