Cineverse pres tech Huidor sells $40,200 in stock

Mark Antonio Huidor, the President of Technology and Chief Product Officer at Cineverse Corp. (NASDAQ:CNVS), sold 15,000 shares of the company's Class A Common Stock on August 19, 2026. The transaction netted Huidor $40,200, with shares exchanged at prices ranging from $2.64 to $2.70 per share, averaging $2.68. Currently trading at $2.58, the stock has declined 46% year-over-year.

Following the sale, Huidor retains 183,170 shares of Cineverse Class A Common Stock, including 41,668 shares of restricted stock set to vest on April 25, 2027. ProTips from InvestingPro suggest the stock may be undervalued, with a Fair Value of $3.43, though concerns about cash burn and liquidity exist. Huidor's other holdings include 50,000 Stock Appreciation Rights (SARs) expiring May 16, 2033, and 41,668 Restricted Stock Units (RSUs) set to vest on April 25, 2027, among other derivative securities.

Cineverse Corp. recently reported strong Q1 fiscal 2027 results, with revenue up 175% to $30.6 million and a positive adjusted EBITDA of $500,000. Analyst Benchmark raised its price target for Cineverse stock to $14, maintaining a Buy rating, citing revenue growth from new services.