Strive (NASDAQ:ASST) Insider Sells $629,012.41 in Stock

Strive, Inc. (NASDAQ:ASST) insider Brian Logan Beirne sold 20,077 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. This represents a 32.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strive Stock Performance

Shares of NASDAQ:ASST traded up $0.23 during trading on Monday, hitting $30.26. The company’s stock had a trading volume of 9,556,442 shares, compared to its average volume of 8,253,386. Strive, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $54.80. The stock’s 50-day moving average price is $21.66 and its two-hundred day moving average price is $16.53. The company has a market capitalization of $2.59 billion, a PE 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The business had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. On average, equities analysts predict that Strive, Inc. will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Strive

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

Key Stories Impacting Strive

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.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. B. Riley Financial increased their price objective on shares of Strive from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. HC Wainwright decreased their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. TD Cowen reissued a “buy” rating on shares of Strive in a research report on Monday, September 21st. Finally, Benchmark restated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.80.

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.