Strive (NASDAQ:ASST) Stock: Insider Matthew Ryan Cole Sells 58,789 Shares

Strive, Inc. (NASDAQ:ASST) CEO Matthew Cole sold 58,789 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $1,841,859.37. Following the completion of the sale, the chief executive officer directly owned 844,795 shares of the company’s stock, valued at $26,467,427.35. This represents a 6.51% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Trading Up 0.8%

Shares of NASDAQ:ASST traded up $0.23 on Monday, reaching $30.26. 9,556,442 shares of the company traded hands, compared to its average volume of 8,253,386. The business’s 50-day simple moving average is $21.66 and its 200 day simple moving average is $16.53. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $54.80. The stock has a market capitalization of $2.59 billion, a P/E ratio of -3.42 and a beta of 13.26.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ASST. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Strive in a report on Thursday, August 20th. HC Wainwright dropped their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. TD Cowen reissued a “buy” rating on shares of Strive in a report on Monday, September 21st. Finally, B. Riley Financial upped their price objective on shares of Strive from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.80.

Institutional Trading of Strive

Several large investors have recently bought and sold shares of the company. State Street Corp purchased a new position in shares of Strive during the 2nd quarter worth approximately $16,395,000. Squarepoint Ops LLC purchased a new position in shares of Strive in the 2nd quarter valued at approximately $1,394,000. Ameritas Advisory Services LLC purchased a new position in shares of Strive in the 2nd quarter valued at approximately $516,000. Corient Private Wealth LP bought a new stake in shares of Strive during the second quarter valued at approximately $448,000. Finally, Corient Private Wealth LLC purchased a new stake in Strive in the fourth quarter worth $388,000. 5.52% of the stock is owned by institutional investors.

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.

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.