Strive (NASDAQ:ASST) CMO Arshia Sarkhani Sells 5,634 Shares of Stock

Key Points

• CMO Arshia Sarkhani sold 5,634 shares of Strive at an average price of $31.33, generating $176,513.22. The sale reduced her direct holdings by 32.33% and was made to cover tax obligations from vested equity awards.
• Strive shares rose 0.8% to $30.26, but the company recently reported a larger-than-expected quarterly loss of $3.65 per share and revenue of $2.94 million, slightly below analyst estimates.
• Strive is increasing its Bitcoin exposure, purchasing 2,000 Bitcoin for about $169 million and announcing a share buyback. Analysts maintain a generally positive view, with five Buy ratings and a consensus target price of $29.80, though the stock remains highly sensitive to Bitcoin volatility.

Strive, Inc. (NASDAQ:ASST - Get Free Report) CMO Arshia Sarkhani sold 5,634 shares of Strive stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the sale, the chief marketing officer directly owned 11,795 shares of the company's stock, valued at approximately $369,537.35. The trade was a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Strive Trading Up 0.8%

Strive stock traded up $0.23 during mid-day trading on Monday, hitting $30.26. 9,556,442 shares of the company's stock were exchanged, compared to its average volume of 8,253,386. The stock 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 1-year low of $7.02 and a 1-year high of $54.80. The stock has a 50 day moving average of $21.66 and a two-hundred day moving average of $16.53.

Strive (NASDAQ:ASST - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing analysts' consensus estimates of ($0.95) by ($2.70). The company had revenue of $2.94 million during 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%. As a group, research analysts predict that Strive, Inc. will post 1.17 EPS for the current fiscal year.

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.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASST. State Street Corp bought a new stake in shares of Strive in the second quarter valued at approximately $16,395,000. The Manufacturers Life Insurance Company bought a new position in Strive during the second quarter worth $179,000. Squarepoint Ops LLC acquired a new position in Strive during the 2nd quarter valued at $1,394,000. Allworth Financial LP acquired a new position in Strive during the 2nd quarter valued at $66,000. Finally, Corient Private Wealth LP bought a new stake in Strive in the 2nd quarter valued at $448,000. 5.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Benchmark reissued a "buy" rating on shares of Strive in a research report on Thursday, August 20th. Weiss Ratings raised shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. B. Riley Financial raised their target price 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. TD Cowen reiterated a "buy" rating on shares of Strive in a report on Monday, September 21st. Finally, HC Wainwright cut their target price on shares of Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Strive has an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.