Insider Selling: Strive (NASDAQ:ASST) CMO Sells 5,634 Shares of Stock

Strive, Inc. (NASDAQ:ASST) CMO Arshia Sarkhani sold 5,634 shares of Strive stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $176,513.22. Following the sale, the chief marketing officer directly owned 11,795 shares in the company, valued at approximately $369,537.35. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strive Stock Up 0.8%

Strive stock traded up $0.23 during trading hours on Monday, hitting $30.26. The stock had a trading volume of 9,556,442 shares, compared to its average volume of 8,253,386. The company has a 50-day moving average of $21.66 and a two-hundred day moving average of $16.53. Strive, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $54.80. The company has a market cap of $2.59 billion, a PE ratio of -3.42 and a beta of 13.26.

Strive (NASDAQ:ASST) last announced its quarterly earnings data 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). The firm had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. As a group, analysts forecast that Strive, Inc. will post 1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in shares of Strive during the second quarter valued at $66,000. AXQ Capital LP bought a new stake in shares of Strive in the 2nd quarter worth about $110,000. Formidable Asset Management LLC acquired a new stake in shares of Strive during the 1st quarter worth about $113,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Strive during the 2nd quarter worth about $179,000. Finally, Corient Private Wealth LP bought a new position in Strive during the 2nd quarter valued at about $448,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Key Stories Impacting Strive

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.

About Strive

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.