CuriosityStream (NASDAQ:CURI) Trading Up 4.5% – Here’s What Happened

CuriosityStream Inc. (NASDAQ:CURI) shares shot up 4.5% during trading on Thursday . The stock traded as high as $2.90 and last traded at $2.76. 376,487 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 331,337 shares. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Separately, Needham & Company LLC lifted their target price on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

CuriosityStream Stock Performance

The company has a market capitalization of $142.58 million, a price-to-earnings ratio of -9.18 and a beta of 1.15. The firm’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $1.89.

Insiders Place Their Bets

In other CuriosityStream news, CEO Clinton Larry Stinchcomb bought 17,877 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $1.68 per share, for a total transaction of $30,033.36. Following the transaction, the chief executive officer now owns 2,155,306 shares in the company, valued at approximately $3,620,914.08. The trade was a 0.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 49.60% of the company’s stock.

Institutional Trading of CuriosityStream

Institutional investors have recently made changes to their positions in the business. Penbrook Management LLC acquired a new stake in shares of CuriosityStream during the 4th quarter valued at about $247,000. Geode Capital Management LLC boosted its position in shares of CuriosityStream by 21.2% during the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock valued at $617,000 after acquiring an additional 56,402 shares in the last quarter. Virtu Financial LLC boosted its position in shares of CuriosityStream by 115.5% during the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after acquiring an additional 14,905 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of CuriosityStream during the 4th quarter valued at about $28,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company’s stock valued at $42,000 after acquiring an additional 10,722 shares in the last quarter. 6.79% of the stock is currently owned by institutional investors and hedge funds.

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.