Insider Selling: CuriosityStream Inc. (NASDAQ:CURI) CEO Sells 252,486 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb sold 252,486 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $4.68, for a total transaction of $1,181,634.48. Following the sale, the chief executive officer now directly owns 2,085,827 shares of the company’s stock, valued at approximately $9,761,670.36. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clinton Larry Stinchcomb also recently made the following trade(s):

• On Monday, June 16th, Clinton Larry Stinchcomb sold 80,000 shares of CuriosityStream stock. The stock was sold at an average price of $4.70, for a total transaction of $376,000.00.

CuriosityStream Stock Performance

CURI stock traded up $0.05 during trading on Tuesday, reaching $4.86. 278,609 shares of the company traded hands, compared to its average volume of 353,436. CuriosityStream Inc. has a 12 month low of $0.99 and a 12 month high of $7.15. The company has a market capitalization of $280.24 million, a price-to-earnings ratio of -17.41 and a beta of 1.79. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $3.08.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative return on equity of 22.18% and a negative net margin of 28.56%. The firm had revenue of $15.09 million for the quarter, compared to analysts’ expectations of $14.95 million. As a group, research analysts forecast that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 6.58%. CuriosityStream’s dividend payout ratio (DPR) is -228.57%.

Institutional Trading of CuriosityStream

Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC lifted its position in shares of CuriosityStream by 65.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after acquiring an additional 10,722 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of CuriosityStream during the first quarter valued at about $29,000. Geode Capital Management LLC boosted its stake in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company’s stock worth $506,000 after purchasing an additional 7,669 shares during the period. Renaissance Technologies LLC increased its position in CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company’s stock worth $720,000 after purchasing an additional 41,454 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in CuriosityStream during the fourth quarter valued at approximately $28,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CURI has been the subject of several recent research reports. Barrington Research upgraded CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 price objective for the company in a research report on Wednesday, May 7th. Needham & Company LLC raised their target price on shares of CuriosityStream from $2.95 to $4.80 and gave the stock a “buy” rating in a research note on Wednesday, May 7th.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.