Insider Selling: Strive (NASDAQ:ASST) Director Sells 6,000 Shares of Company Stock

Strive, Inc. (NASDAQ:ASST) Director James Lavish sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the sale, the director owned 8,815 shares in the company, valued at $271,061.25. This trade represents a 40.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Strive Price Performance

ASST traded up $0.23 during trading on Monday, reaching $30.26. The company had a trading volume of 9,556,442 shares, compared to its average volume of 8,253,386. The company has a market cap of $2.59 billion, a P/E ratio of -3.42 and a beta of 13.26. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $54.80. The business’s fifty day moving average price is $21.66 and its 200 day moving average price is $16.53.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ASST. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. B. Riley Financial increased their price objective on Strive from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. 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 reaffirmed a “buy” rating on shares of Strive in a research report on Thursday, August 20th. Finally, TD Cowen reiterated a “buy” rating on shares of Strive in a report on Monday, September 21st. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

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.

Institutional Trading of Strive

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp acquired a new position in Strive during the second quarter valued at approximately $16,395,000. Corient Private Wealth LLC acquired a new position in shares of Strive during the 4th quarter worth approximately $388,000. Squarepoint Ops LLC bought a new stake in shares of Strive during the 2nd quarter worth approximately $1,394,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Strive during the 4th quarter worth approximately $71,000. Finally, TRU Independence Asset Management 2 LLC acquired a new stake in shares of Strive in the 4th quarter valued at approximately $63,000. Institutional investors own 5.52% of the company’s stock.

About Strive

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.