CuriosityStream (NASDAQ:CURI) Stock Price Up 4.5% – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised their price objective on CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

CuriosityStream Trading Up 4.5 %

The company has a market cap of $153.12 million, a price-to-earnings ratio of -9.86 and a beta of 1.15. The firm has a 50-day moving average price of $2.05 and a 200 day moving average price of $1.88.

Insider Buying and Selling

In other CuriosityStream news, CEO Clinton Larry Stinchcomb purchased 17,877 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $1.68 per share, with a total value of $30,033.36. Following the completion of the acquisition, the chief executive officer now owns 2,155,306 shares in the company, valued at approximately $3,620,914.08. This represents a 0.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 49.60% of the stock is owned by company insiders.

Institutional Trading of CuriosityStream

Large investors have recently added to or reduced their stakes in the business. Penbrook Management LLC acquired a new position in CuriosityStream during the 4th quarter worth $247,000. Geode Capital Management LLC raised its stake in shares of CuriosityStream by 21.2% during the third quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock valued at $617,000 after purchasing an additional 56,402 shares in the last quarter. Virtu Financial LLC lifted its holdings in CuriosityStream by 115.5% in the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock worth $53,000 after purchasing an additional 14,905 shares during the period. Focus Partners Wealth bought a new position in CuriosityStream in the 4th quarter valued at about $28,000. Finally, Cubist Systematic Strategies LLC increased its stake in 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 buying an additional 10,722 shares during the period. 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.