Strive (NASDAQ:ASST) Insider Brian Logan Beirne Sells 20,077 Shares of Company Stock

Key Points

• Insider Brian Logan Beirne sold 20,077 Strive shares for approximately $629,000, reducing his holdings by 32.64%. The sale was made to cover tax withholding related to vested equity awards.
• Strive shares rose 0.8% to $30.26, but the company reported a substantial quarterly EPS miss, posting a $3.65 loss versus analysts’ expected $0.95 loss, alongside $2.94 million in revenue.
• Analysts maintain a generally positive outlook, with five Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and a $29.80 average price target. Strive also continues expanding its Bitcoin-focused treasury strategy, recently purchasing 2,000 Bitcoin for about $169 million.

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

Strive Stock Up 0.8%

Shares of ASST traded up $0.23 during mid-day trading on Monday, hitting $30.26. The company had a trading volume of 9,556,442 shares, compared to its average volume of 8,253,386. The business's 50-day simple moving average is $21.66 and its 200-day simple moving average is $16.53. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $54.80. The stock has a market cap of $2.59 billion, a PE ratio of -3.42 and a beta of 13.26.

Strive (NASDAQ:ASST - Get Free Report) last released 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). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million during the quarter, compared to analysts' expectations of $3.02 million. On average, sell-side analysts expect that Strive, Inc. will post 1.17 earnings per share for the current year.

Institutional Trading of Strive

Several large investors have recently bought and sold shares of ASST. Allworth Financial LP purchased a new stake in shares of Strive during the second quarter valued at approximately $66,000. AXQ Capital LP purchased a new position in shares of Strive in the second quarter valued at $110,000. Formidable Asset Management LLC purchased a new position in shares of Strive in the first quarter valued at $113,000. The Manufacturers Life Insurance Company acquired a new stake in Strive during the 2nd quarter valued at $179,000. Finally, Corient Private Wealth LP acquired a new stake in Strive during the 2nd quarter valued at $448,000. Institutional investors and hedge funds own 5.52% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ASST shares. HC Wainwright reduced their target price on Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. TD Cowen restated a "buy" rating on shares of Strive in a report on Monday, September 21st. Benchmark reaffirmed a "buy" rating on shares of Strive in a research note on Thursday, August 20th. Weiss Ratings raised shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Finally, B. Riley Financial increased their target price 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. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Strive News Summary

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.

Strive Company Profile

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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