Strive (NASDAQ:ASST) Stock: Insider James Lavish Sells 6,000 Shares

Key Points

• Director James Lavish sold 6,000 Strive shares at an average price of $30.75, generating $184,500 and reducing his direct ownership by 40.5% to 8,815 shares.
• ASST shares rose 0.8% to $30.26, but Strive reported a substantial quarterly loss of $3.65 per share, missing analysts’ $0.95-loss estimate; revenue also came in slightly below expectations.
• Analyst sentiment remains a “Moderate Buy,” with five Buy ratings and a consensus price target of $29.80, while Strive continues expanding its Bitcoin-focused strategy after acquiring approximately 2,000 Bitcoin for $169 million.

Strive, Inc. (NASDAQ:ASST - Get Free Report) Director James Lavish sold 6,000 shares of the business's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the sale, the director directly owned 8,815 shares of the company's stock, valued at approximately $271,061.25. This trade represents a 40.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Strive Stock Up 0.8%

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 52 week low of $7.02 and a 52 week 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. The business's 50-day simple moving average is $21.66 and its 200-day simple moving average is $16.53.

Strive (NASDAQ:ASST - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts' consensus estimates 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%. As a group, equities analysts forecast that Strive, Inc. will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ASST. B. Riley Financial upped their price objective on Strive from $26.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, September 22nd. TD Cowen restated a "buy" rating on shares of Strive in a report on Monday, September 21st. Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Benchmark reaffirmed a "buy" rating on shares of Strive in a research note on Thursday, August 20th. Finally, HC Wainwright cut their price target on shares of Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.80.

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 Trading of Strive

A number of large investors have recently made changes to their positions in the company. State Street Corp acquired a new stake in Strive during the 2nd quarter worth $16,395,000. Corient Private Wealth LLC acquired a new position in Strive in the fourth quarter valued at about $388,000. Squarepoint Ops LLC bought a new stake in shares of Strive in the second quarter worth about $1,394,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of Strive in the fourth quarter worth about $71,000. Finally, TRU Independence Asset Management 2 LLC bought a new stake in shares of Strive in the fourth quarter worth about $63,000. Institutional investors own 5.52% of the company's stock.

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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