Insider Selling: CuriosityStream Inc. (NASDAQ:CURI) Director Sells 8,050,000 Shares of 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 CuriosityStream stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $3.50, for a total transaction of $28,175,000.00. Following the sale, the director owned 12,206,188 shares of the company's stock, valued at approximately $42,721,658. This trade represents a 39.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CuriosityStream Stock Performance

NASDAQ CURI traded up $0.18 on Monday, reaching $4.21. The company's stock had a trading volume of 746,513 shares, compared to its average volume of 587,864. CuriosityStream Inc. has a twelve month low of $1.08 and a twelve month high of $7.15. The stock has a market cap of $243.89 million, a PE ratio of -46.77 and a beta of 1.74. The firm's 50 day moving average is $4.75 and its two-hundred day moving average is $3.99.

CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. CuriosityStream had a negative net margin of 7.84% and a negative return on equity of 8.37%. The company had revenue of $19.01 million during the quarter, compared to the consensus estimate of $16.75 million. Equities research analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Friday, September 5th. CuriosityStream's dividend payout ratio is presently -355.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $6.00 target price on shares of CuriosityStream in a report on Wednesday, August 6th. Craig Hallum initiated coverage on shares of CuriosityStream in a report on Monday. They set a "buy" rating and a $7.00 target price on the stock. Finally, Needham & Company LLC upped their price target 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.

Institutional Investors Weigh In On CuriosityStream

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Focus Partners Wealth purchased a new stake in CuriosityStream during the fourth quarter valued at about $28,000. Merit Financial Group LLC purchased a new stake in shares of CuriosityStream in the first quarter worth approximately $29,000. Algert Global LLC purchased a new stake in shares of CuriosityStream in the first quarter worth approximately $39,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of CuriosityStream in the second quarter worth approximately $41,000. Finally, 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 worth $42,000 after purchasing an additional 10,722 shares in the last quarter. 6.79% of the stock is owned by institutional investors and hedge funds.

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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