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

Asset Entities Inc. (NASDAQ:ASST) major shareholder Jackson Fairbanks sold 10,866 shares of Asset Entities stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $2.31, for a total value of $25,100.46. Following the transaction, the insider now owns 21,734 shares of the company’s stock, valued at approximately $50,205.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Asset Entities Stock Performance

NASDAQ ASST opened at $2.39 on Friday. The stock has a 50-day simple moving average of $1.50 and a two-hundred day simple moving average of $2.05. The firm has a market capitalization of $7.19 million, a P/E ratio of -1.26 and a beta of 8.38. Asset Entities Inc. has a fifty-two week low of $0.87 and a fifty-two week high of $5.10.

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 Asset Entities Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing. Institutional investors own 5.52% of the company’s stock.

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.