Strive (NASDAQ:ASST) CFO Benjamin Pham Sells 4,209 Shares of Company Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham sold 4,209 shares of the company’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $131,867.97. Following the transaction, the chief financial officer directly owned 17,365 shares in the company, valued at approximately $544,045.45. The trade was a 19.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strive Stock Performance

ASST stock traded up $0.23 on Monday, hitting $30.26. 9,556,442 shares of the company’s stock were exchanged, compared to its average volume of 8,253,386. The firm has a 50 day moving average price of $21.66 and a two-hundred day moving average price of $16.53. Strive, Inc. has a 12-month low of $7.02 and a 12-month 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.

Strive (NASDAQ:ASST) last issued its quarterly 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 return on equity of 141.47% and a negative net margin of 10,957.22%.The business had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. Sell-side analysts expect that Strive, Inc. will post 1.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Strive in a research report on Monday, September 21st. HC Wainwright dropped their target price on 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 report on Thursday, August 20th. 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 report on Tuesday, September 22nd. Finally, Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $29.80.

Institutional Trading of Strive

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

More Strive News

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.