Key Points
- CEO Matthew Cole sold 58,789 Strive shares for approximately $1.84 million at an average price of $31.33. The sale covered tax-withholding obligations tied to vested equity awards, reducing his ownership by 6.51% to 844,795 shares.
- Strive reported a significant quarterly loss of $3.65 per share, missing the $0.95 consensus estimate, while revenue of $2.94 million was slightly below expectations. The stock opened at $30.26 and has a consensus analyst rating of “Moderate Buy,” with a $29.80 price target.
- The company is increasing its exposure to Bitcoin, recently purchasing 2,000 Bitcoin for about $169 million and announcing a share buyback program. This strategy could support shareholder value but leaves ASST highly sensitive to cryptocurrency price volatility.
Strive, Inc. (NASDAQ:ASST - Get Free Report) 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 sale, the chief financial officer owned 17,365 shares of the company's stock, valued at approximately $544,045.45. This represents a 19.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Strive Stock Up 0.8%
NASDAQ:ASST opened at $30.26 on Tuesday. Strive, Inc. has a twelve month low of $7.02 and a twelve month high of $54.80. The stock's 50-day simple moving average is $21.66 and its 200 day simple moving average is $16.53. The firm has a market capitalization of $2.59 billion, a PE ratio of -3.42 and a beta of 13.26.
Strive (NASDAQ:ASST - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The business had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. On average, analysts anticipate that Strive, Inc. will post 1.17 EPS for the current fiscal year.
Trending Headlines about 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.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ASST. Kera Capital Partners Inc. acquired a new position in shares of Strive in the fourth quarter valued at approximately $36,000. TRU Independence Asset Management 2 LLC acquired a new stake in Strive during the 4th quarter worth approximately $63,000. Allworth Financial LP bought a new stake in Strive during the 2nd quarter worth approximately $66,000. J. Derek Lewis & Associates Inc. bought a new stake in Strive during the 4th quarter worth approximately $71,000. Finally, AXQ Capital LP acquired a new position in Strive in the 2nd quarter valued at approximately $110,000. Institutional investors and hedge funds own 5.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. B. Riley Financial upped their price objective on shares of Strive from $26.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings upgraded shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. TD Cowen reaffirmed a "buy" rating on shares of Strive in a research note on Monday, September 21st. HC Wainwright lowered their price target 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. Finally, Benchmark reiterated 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 given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $29.80.
Read Our Latest Research Report on ASST
Strive Company Profile
(
Get Free Report)
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.
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