Strive (NASDAQ:ASST) CFO Acquires $50,084.84 in Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham acquired 6,214 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was purchased at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the acquisition, the chief financial officer directly owned 6,214 shares in the company, valued at $50,084.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Benjamin Pham also recently made the following trade(s):

• On Tuesday, February 17th, Benjamin Pham acquired 7,900 shares of Strive stock. The shares were acquired at an average cost of $8.23 per share, with a total value of $65,017.00.

Strive Price Performance

ASST stock opened at $8.15 on Friday. Strive, Inc. has a 1 year low of $7.57 and a 1 year high of $268.40. The firm has a market capitalization of $508.32 million, a PE ratio of -1.36 and a beta of 16.87. The business has a 50 day simple moving average of $15.23 and a 200-day simple moving average of $41.51.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Friday, November 14th. The company reported ($4.40) EPS for the quarter. The firm had revenue of $1.54 million during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ASST. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Maxim Group set a $30.00 price objective on shares of Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Strive currently has an average rating of “Hold” and a consensus price target of $30.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASST. Yorkville Advisors Global LP acquired a new position in shares of Strive in the third quarter valued at approximately $92,593,000. Anson Funds Management LP lifted its holdings in Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after buying an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Strive in the 3rd quarter valued at approximately $84,375,000. MMCAP International Inc. SPC acquired a new position in shares of Strive in the third quarter worth $46,296,000. Finally, Woodline Partners LP purchased a new stake in shares of Strive during the third quarter worth $31,481,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Company Profile

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.