CuriosityStream Inc. (NASDAQ:CURI) President and CEO Clinton Larry Stinchcomb has recently increased his stake in the company, purchasing 39,600 shares of common stock. The transaction, carried out on May 23, 2024, involved shares bought at a weighted average price of $1.0697, with individual prices ranging from $1.06 to $1.07.
This purchase adds significantly to Stinchcomb's holdings, bringing his total ownership to 246,564 shares directly following the transaction. The move demonstrates a vote of confidence from the CEO in the company's future prospects.
CuriosityStream, known for its motion picture and video tape production services, has been a player in the industry under its current name since a name change from Software Acquisition Group Inc. in May 2019. The company is incorporated in Delaware and has its business address in Silver Spring, Maryland.
Investors often monitor insider transactions such as these for signs of the company leadership's belief in the firm's value and direction. With this latest purchase by Stinchcomb, market watchers may take a closer look at CuriosityStream's performance and future plans.
InvestingPro Insights
Following the recent insider purchase by CuriosityStream Inc. (NASDAQ:CURI) President and CEO Clinton Larry Stinchcomb, investors are keen to understand the underlying metrics that might influence such a decision. According to InvestingPro, CuriosityStream is currently trading at a low revenue valuation multiple, which could indicate that the stock is undervalued relative to its revenue generation. This aligns with the CEO's purchase, suggesting he perceives the stock as a value buy at its current price.
Moreover, despite not being profitable over the last twelve months, CuriosityStream has demonstrated a strong return over the last three months, with a 135.91% price total return, and a significant uptick over the last six months, with a 78.07% return. These metrics reflect a positive momentum that might have been a factor in Stinchcomb's decision to increase his stake.
InvestingPro Data also reveals a substantial dividend yield of 9.52% as of the latest dividend ex-date, which was April 11, 2024. This substantial yield is noteworthy for income-focused investors and complements the high shareholder yield highlighted in one of the InvestingPro Tips. For investors interested in further insights, there are additional InvestingPro Tips available for CuriosityStream, which can be found at https://www.investing.com/pro/CURI. These tips can provide a deeper understanding of the company's financial health and market position. To unlock these insights, readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.