41,041 Shares in Strive, Inc. $ASST Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP initiated a 41,041-share position in Strive, valued at approximately $448,000. Other institutional investors have also recently bought shares, though institutional ownership remains modest at 5.52%.
• Strive director Pierre Rochard purchased 15,900 shares for roughly $199,386, while company insiders collectively own 2.71% of the stock.
• ASST shares opened at $30.11, up 2.4%, but the company reported a significantly wider-than-expected quarterly loss of $3.65 per share and revenue below forecasts. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $29.80.

Corient Private Wealth LP bought a new stake in shares of Strive, Inc. (NASDAQ:ASST - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,041 shares of the company's stock, valued at approximately $448,000.

Several other institutional investors have also recently made changes to their positions in ASST. Kera Capital Partners Inc. bought a new position in shares of Strive in the fourth quarter worth $36,000. TRU Independence Asset Management 2 LLC purchased a new position in shares of Strive in the fourth quarter valued at $63,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Strive during the 4th quarter valued at $71,000. Peapack Gladstone Financial Corp bought a new stake in shares of Strive during the 4th quarter valued at $85,000. Finally, AXQ Capital LP purchased a new stake in Strive during the 2nd quarter worth about $110,000. Hedge funds and other institutional investors own 5.52% of the company's stock.

Insider Buying and Selling at Strive

In related news, Director Pierre Rochard acquired 15,900 shares of the stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the transaction, the director owned 15,900 shares in the company, valued at $199,386. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.71% of the company's stock.

Strive Stock Up 2.4%

NASDAQ:ASST opened at $30.11 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of -3.41 and a beta of 13.25. The business's 50-day moving average price is $20.93 and its two-hundred day moving average price is $16.26. Strive, Inc. has a twelve month low of $7.02 and a twelve month high of $54.80.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS 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 for the quarter, compared to analysts' expectations of $3.02 million. On average, equities research analysts expect that Strive, Inc. will post 1.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ASST has been the subject of a number of recent analyst reports. Benchmark reaffirmed a "buy" rating on shares of Strive in a report on Thursday, August 20th. TD Cowen reissued a "buy" rating on shares of Strive in a report on Monday, September 21st. B. Riley Financial raised their price objective on shares of Strive from $26.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings raised shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. Finally, HC Wainwright decreased their target price on shares of Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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