Clinton Larry Stinchcomb Sells 252,486 Shares of CuriosityStream Inc. (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) CEO Clinton Larry Stinchcomb sold 252,486 shares of CuriosityStream stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $4.68, for a total value of $1,181,634.48. Following the sale, the chief executive officer now directly owns 2,085,827 shares in the company, valued at $9,761,670.36. The trade was a 10.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 shares were sold at an average price of $4.70, for a total transaction of $376,000.00.

CuriosityStream Trading Up 2.3%

NASDAQ:CURI traded up $0.11 on Friday, reaching $4.92. 536,984 shares of the stock traded hands, compared to its average volume of 357,070. CuriosityStream Inc. has a 1-year low of $0.99 and a 1-year high of $7.15. The company's 50 day moving average is $4.85 and its 200-day moving average is $3.15. The firm has a market capitalization of $283.54 million, a price-to-earnings ratio of -35.14 and a beta of 1.79.

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

CuriosityStream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, June 6th. CuriosityStream's dividend payout ratio (DPR) is presently -228.57%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective 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. Barrington Research upgraded CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price target on the stock in a research report on Wednesday, May 7th.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC increased its holdings in CuriosityStream by 65.3% in the fourth 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 in the last quarter. Merit Financial Group LLC acquired a new stake in shares of CuriosityStream during the 1st quarter worth approximately $29,000. Geode Capital Management LLC increased its stake in shares of CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock valued at $506,000 after acquiring an additional 7,669 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CuriosityStream by 9.7% in the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock valued at $720,000 after acquiring an additional 41,454 shares in the last quarter. Finally, Focus Partners Wealth acquired a new position in shares of CuriosityStream during the 4th quarter valued at $28,000. Institutional investors own 6.79% of the company's stock.

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.