CuriosityStream Inc. (NASDAQ:CURI) Shares Sold by Cwm LLC

Cwm LLC lessened its stake in CuriosityStream Inc. (NASDAQ:CURI - Free Report) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,209 shares of the company's stock after selling 71,047 shares during the period. Cwm LLC owned 0.51% of CuriosityStream worth $791,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CURI. Merit Financial Group LLC acquired a new position in CuriosityStream during the 1st quarter worth approximately $29,000. Focus Partners Wealth acquired a new position in CuriosityStream during the 4th quarter worth approximately $28,000. Cubist Systematic Strategies LLC increased its position in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after purchasing an additional 10,722 shares during the period. Manatuck Hill Partners LLC increased its position in CuriosityStream by 14.4% during the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company's stock worth $842,000 after purchasing an additional 69,100 shares during the period. Finally, Renaissance Technologies LLC increased its position in CuriosityStream by 9.7% during 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 period. Institutional investors and hedge funds own 6.79% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CURI. Barrington Research raised CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 target price on the stock in a research note 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 report on Wednesday, May 7th.

CuriosityStream Trading Up 2.7%

CuriosityStream stock opened at $4.60 on Wednesday. CuriosityStream Inc. has a 1-year low of $0.99 and a 1-year high of $7.15. The firm has a market capitalization of $265.10 million, a price-to-earnings ratio of -32.86 and a beta of 1.72. The firm's fifty day moving average price is $5.43 and its two-hundred day moving average price is $3.63.

CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The business had revenue of $15.09 million during the quarter, compared to analyst estimates of $14.95 million. CuriosityStream had a negative net margin of 13.99% and a negative return on equity of 12.49%. On average, research analysts forecast that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a $0.08 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.32 annualized dividend and a yield of 6.96%. CuriosityStream's payout ratio is presently -228.57%.

Insider Activity at CuriosityStream

In other CuriosityStream news, Director John S. Hendricks sold 150,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $5.20, for a total transaction of $780,000.00. Following the completion of the sale, the director directly owned 20,570,585 shares of the company's stock, valued at $106,967,042. This trade represents a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Clinton Larry Stinchcomb sold 252,486 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $4.68, for a total transaction of $1,181,634.48. Following the sale, the chief executive officer directly owned 2,085,827 shares of the company's stock, valued at approximately $9,761,670.36. This trade represents a 10.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 933,486 shares of company stock worth $4,650,394 over the last quarter. Insiders own 49.60% of the company's stock.

CuriosityStream Company Profile

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.

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