Insider Selling: Strive (NASDAQ:ASST) Director Sells 6,700 Shares of Stock

Strive, Inc. (NASDAQ:ASST) Director Jonathan Macey sold 6,700 shares of the business’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $30.32, for a total transaction of $203,144.00. Following the completion of the transaction, the director directly owned 8,115 shares in the company, valued at $246,046.80. This represents a 45.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Strive Stock Performance

Strive stock traded up $0.23 during trading hours on Monday, reaching $30.26. 9,556,442 shares of the stock were exchanged, compared to its average volume of 8,253,386. Strive, Inc. has a 52-week low of $7.02 and a 52-week high of $54.80. The stock has a market cap of $2.59 billion, a P/E ratio of -3.42 and a beta of 13.26. The firm’s 50 day moving average is $21.66 and its 200 day moving average is $16.53.

Strive (NASDAQ:ASST) last issued its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The firm had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. Equities research analysts expect that Strive, Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

ASST has been the subject of a number of analyst reports. B. Riley Financial increased their target price on Strive from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Benchmark restated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of Strive in a report on Monday, September 21st. HC Wainwright cut their price objective on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.80.

Institutional Investors Weigh In On Strive

A number of hedge funds and other institutional investors have recently modified their holdings of ASST. State Street Corp purchased a new stake in shares of Strive during the 2nd quarter worth approximately $16,395,000. Corient Private Wealth LLC acquired a new stake in shares of Strive in the 4th quarter worth approximately $388,000. Squarepoint Ops LLC purchased a new position in Strive in the 2nd quarter valued at approximately $1,394,000. J. Derek Lewis & Associates Inc. purchased a new position in Strive in the 4th quarter valued at approximately $71,000. Finally, TRU Independence Asset Management 2 LLC acquired a new position in Strive during the fourth quarter worth $63,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Strive News Roundup

Here are the key news stories impacting Strive this week:

• Positive Sentiment: Strive acquired 2,000 Bitcoin for approximately $169 million between September 28 and October 2, its largest purchase since June. The transaction increases the company’s exposure to Bitcoin prices and supports its strategy of building a crypto-focused treasury. Strive Buys 2,000 Bitcoin for $169 Million
• Positive Sentiment: The company also announced a SATA share buyback while expanding its Bitcoin holdings. A repurchase program could support per-share value and signals management’s willingness to use capital to enhance shareholder returns, although its ultimate impact depends on the size and execution of the program. Strive Expands Bitcoin Holdings and Launches SATA Buyback
• Neutral Sentiment: Coverage highlights accelerating corporate Bitcoin purchases by Strive, Strategy and Metaplanet, reinforcing the sector narrative but also emphasizing that ASST remains highly sensitive to Bitcoin volatility. Corporate Bitcoin Buying Accelerates
• Negative Sentiment: Several insiders reported sales totaling roughly 101,000 shares worth about $3.17 million. The sellers included CEO Matthew Cole, CFO Benjamin Pham, CMO Arshia Sarkhani and directors James Lavish and Jonathan Macey. Most executive sales were identified as tax-withholding transactions tied to equity vesting, which reduces their bearish significance, but the combined selling and sizable ownership reductions could still create an overhang.

Strive Company Profile

Strive, Inc is a financial services company operating under the Strive brand. Its business is focused on providing investment management and related financial products, with an emphasis on long-term capital preservation, shareholder rights and policies intended to promote value creation for investors.

The company’s activities include asset management and the development of investment vehicles designed to give clients exposure to selected investment strategies and markets. Strive has also pursued a Bitcoin-focused treasury strategy, making digital assets an important part of its corporate and investment positioning.

Strive’s current public-company structure resulted from the combination of Strive Enterprises and Asset Entities Inc, a social media and digital marketing company whose Nasdaq-listed shares traded under the symbol ASST.