Insider Selling: Strive (NASDAQ:ASST) CFO Sells $131,867.97 in Stock

Key Points

• CFO Benjamin Pham sold 4,209 Strive shares for approximately $131,868 to cover tax withholding tied to vested equity awards, reducing his direct ownership by 19.51% to 17,365 shares.
• Strive’s stock traded near $30.26, with a market capitalization of about $2.59 billion, after reporting a quarterly EPS loss of $3.65 that significantly missed analyst expectations.
• The company is increasing its Bitcoin exposure, purchasing 2,000 Bitcoin for roughly $169 million and announcing a SATA share buyback, while analysts maintain a consensus “Moderate Buy” rating with a $29.80 price target.

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 shares were sold at an average price of $31.33, for a total value of $131,867.97. Following the completion of the transaction, the chief financial officer directly owned 17,365 shares in the company, valued at $544,045.45. This trade represents a 19.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strive Stock Performance

ASST stock traded up $0.23 during midday trading on Monday, reaching $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 1 year low of $7.02 and a 1 year high of $54.80. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -3.42 and a beta of 13.26. The stock has a fifty day simple moving average of $21.66 and a two-hundred day simple moving average of $16.53.

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

Key Headlines 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.

Institutional Investors Weigh In On Strive

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Strive during the second quarter valued at about $66,000. AXQ Capital LP purchased a new stake in shares of Strive during the second quarter valued at about $110,000. Formidable Asset Management LLC bought a new stake in shares of Strive in the 1st quarter valued at about $113,000. The Manufacturers Life Insurance Company bought a new stake in shares of Strive in the 2nd quarter valued at about $179,000. Finally, Corient Private Wealth LP purchased a new position in shares of Strive in the 2nd quarter worth approximately $448,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ASST shares. Benchmark reaffirmed a "buy" rating on shares of Strive in a research report on Thursday, August 20th. Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. TD Cowen reaffirmed a "buy" rating on shares of Strive in a research report on Monday, September 21st. HC Wainwright decreased their price objective on Strive from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. Finally, 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 note on Tuesday, September 22nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Strive has a consensus rating of "Moderate Buy" and a consensus 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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