CuriosityStream Inc. (NASDAQ:CURI) Director Jonathan Huberman has recently sold shares of the company's stock, according to a new SEC filing. The transactions, which took place on September 12, 2024, involved the sale of 16,848 shares at a weighted average price of $1.6745 per share.
The sales were executed in multiple transactions ranging from $1.65 to $1.72 per share, totaling approximately $28,211. Following the sale, it was reported that the shares owned by Ooyala Global Inc., of which Huberman is the managing member, were reduced to zero. The report also indicated that Huberman may be deemed to share beneficial ownership of the securities held directly by Ooyala Global Inc. However, he disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
In addition to the shares sold by Ooyala Global Inc., Huberman is associated with 211 LV LLC, through which he holds an indirect ownership interest in CuriosityStream Inc. The SEC filing included a footnote clarifying Huberman's relationship with 211 LV LLC and his potential shared beneficial ownership of the securities.
This recent sale by a company insider will be of interest to investors who closely monitor the buying and selling activities of CuriosityStream's executives and directors for insights into the company's performance and their confidence in its future prospects.
InvestingPro Insights
As CuriosityStream Inc. (NASDAQ:CURI) navigates through the market, recent insider trading activity has caught the attention of investors. Understanding the financial health and market performance of the company can provide a clearer context for these transactions. According to InvestingPro data, CuriosityStream holds a market capitalization of approximately $110.29 million, which offers a snapshot of the company's size and market value.
Investors may find it noteworthy that CuriosityStream's recent price performance has shown significant returns, with a one-week price total return of 23.17% and a staggering six-month price total return of 303.91%. This robust performance is also highlighted by the fact that the stock is trading near its 52-week high, at 95.28% of this peak value. Such strong short-term gains may have contributed to the decision-making process behind the insider sale.
Adding to the company's financial profile, InvestingPro Tips indicate that CuriosityStream is not expected to be profitable this year, with analysts anticipating continued losses. Despite this, the company holds more cash than debt on its balance sheet, which is a positive sign of liquidity and financial stability. Furthermore, it's important to consider that the Relative Strength Index (RSI) suggests the stock is currently in overbought territory, a technical indicator that may signal caution to potential investors.
For those interested in diving deeper into the financial metrics and gaining more insights, InvestingPro offers additional tips on CuriosityStream. There are currently 10 more InvestingPro Tips available, which can be accessed by visiting the InvestingPro platform for CuriosityStream at https://www.investing.com/pro/CURI. This information could be particularly valuable for investors looking to make informed decisions based on comprehensive data and analysis.
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