Insider Selling: Asset Entities Inc. (NASDAQ:ASST) COO Sells 10,866 Shares of Stock

Asset Entities Inc. (NASDAQ:ASST) COO Arman Sarkhani sold 10,866 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $1.74, for a total value of $18,906.84. Following the completion of the transaction, the chief operating officer now directly owns 21,734 shares in the company, valued at $37,817.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Asset Entities Stock Up 29.8 %

Shares of ASST traded up $0.61 during trading on Wednesday, reaching $2.66. The company’s stock had a trading volume of 81,436,641 shares, compared to its average volume of 2,008,603. The company has a fifty day moving average of $1.46 and a two-hundred day moving average of $2.05. Asset Entities Inc. has a twelve month low of $0.87 and a twelve month high of $5.10. The company has a market cap of $8.00 million, a price-to-earnings ratio of -1.40 and a beta of 8.38.

Hedge Funds Weigh In On Asset Entities

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC purchased a new stake in shares of Asset Entities Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned approximately 0.44% of Asset Entities at the end of the most recent quarter. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

About Asset Entities

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.