Strive (NASDAQ:ASST) CFO Buys $65,017.00 in Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham acquired 7,900 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average cost of $8.23 per share, with a total value of $65,017.00. Following the completion of the purchase, the chief financial officer owned 7,900 shares in the company, valued at approximately $65,017. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Benjamin Pham also recently made the following trade(s):

• On Wednesday, February 18th, Benjamin Pham bought 6,214 shares of Strive stock. The stock was bought at an average cost of $8.06 per share, for a total transaction of $50,084.84.

Strive Stock Performance

Shares of NASDAQ:ASST opened at $8.15 on Friday. The business’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $41.51. The stock has a market cap of $508.32 million, a PE ratio of -1.36 and a beta of 16.87. Strive, Inc. has a one year low of $7.57 and a one year high of $268.40.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($4.40) earnings per share (EPS) for the quarter. The firm had revenue of $1.54 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ASST shares. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Finally, Maxim Group set a $30.00 price target on Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Strive

A number of institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new position in shares of Strive in the 2nd quarter valued at $27,778,000. Alpine Associates Management Inc. purchased a new position in shares of Strive in the 3rd quarter worth $717,000. HighTower Advisors LLC boosted its holdings in Strive by 266.9% in the fourth quarter. HighTower Advisors LLC now owns 126,581 shares of the company’s stock valued at $93,000 after acquiring an additional 92,081 shares during the last quarter. FNY Investment Advisers LLC grew its position in Strive by 457,042.9% during the fourth quarter. FNY Investment Advisers LLC now owns 160,000 shares of the company’s stock valued at $118,000 after acquiring an additional 159,965 shares during the period. Finally, Abundance Wealth Counselors purchased a new stake in Strive during the fourth quarter valued at about $46,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Strive

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.