CuriosityStream (NASDAQ:CURI) Director Sells $28,175,000.00 in Stock

Key Points

• CuriosityStream Inc. Director John S. Hendricks sold 8,050,000 shares at an average price of $3.50, totaling $28.2 million, reducing his ownership by 39.74%.
• The company reported a net revenue of $19.01 million for the last quarter, exceeding estimates, and maintained earnings at $0.01 per share.
• CuriosityStream declared a quarterly dividend of $0.08 with a yield of 7.6%, though its dividend payout ratio is at a significant -355.56%.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) Director John S. Hendricks sold 8,050,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $3.50, for a total value of $28,175,000.00. Following the completion of the transaction, the director owned 12,206,188 shares in the company, valued at $42,721,658. The trade was a 39.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

CuriosityStream Stock Up 5.8%

CuriosityStream stock traded up $0.24 during trading on Friday, hitting $4.38. The stock had a trading volume of 675,977 shares, compared to its average volume of 790,367. CuriosityStream Inc. has a 1 year low of $1.17 and a 1 year high of $7.15. The stock's 50 day moving average is $4.65 and its two-hundred day moving average is $4.03. The stock has a market cap of $253.73 million, a price-to-earnings ratio of -48.66 and a beta of 1.74.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $19.01 million for the quarter, compared to the consensus estimate of $16.75 million. CuriosityStream had a negative return on equity of 8.37% and a negative net margin of 7.84%. CuriosityStream has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, September 5th. CuriosityStream's dividend payout ratio is currently -355.56%.

Hedge Funds Weigh In On CuriosityStream

A number of hedge funds have recently added to or reduced their stakes in CURI. Geode Capital Management LLC grew its stake in CuriosityStream by 112.9% in the 2nd quarter. Geode Capital Management LLC now owns 727,103 shares of the company's stock worth $4,094,000 after acquiring an additional 385,534 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in CuriosityStream by 225.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 464,691 shares of the company's stock valued at $2,616,000 after acquiring an additional 321,780 shares during the last quarter. Informed Momentum Co LLC purchased a new stake in CuriosityStream during the first quarter valued at approximately $788,000. Lazard Asset Management LLC purchased a new position in shares of CuriosityStream in the second quarter worth $1,537,000. Finally, Acadian Asset Management LLC lifted its position in CuriosityStream by 124.5% during the 2nd quarter. Acadian Asset Management LLC now owns 445,082 shares of the company's stock worth $2,504,000 after acquiring an additional 246,804 shares during the period. 6.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and set a $6.00 price objective on shares of CuriosityStream in a research note on Wednesday, August 6th. Craig Hallum began coverage on shares of CuriosityStream in a report on Monday, August 18th. They issued a "buy" rating and a $7.00 price objective for the company. Finally, Needham & Company LLC lifted their target price on shares of CuriosityStream from $4.80 to $5.50 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $6.17.

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.