Arman Sarkhani Sells 10,866 Shares of Asset Entities Inc. (NASDAQ:ASST) Stock

Asset Entities Inc. (NASDAQ:ASST) COO Arman Sarkhani sold 10,866 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $1.74, for a total transaction of $18,906.84. Following the transaction, the chief operating officer now directly owns 21,734 shares in the company, valued at $37,817.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Asset Entities Stock Down 8.6 %

Shares of Asset Entities stock opened at $2.43 on Friday. The firm’s 50-day moving average price is $1.49 and its two-hundred day moving average price is $2.05. The company has a market capitalization of $7.31 million, a price-to-earnings ratio of -1.28 and a beta of 8.38. Asset Entities Inc. has a 12-month low of $0.87 and a 12-month high of $5.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Asset Entities stock. Symmetry Peak Management LLC acquired a new stake in Asset Entities Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 60,961 shares of the company’s stock, valued at approximately $39,000. Symmetry Peak Management LLC owned about 0.44% of Asset Entities at the end of the most recent reporting period. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Asset Entities Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.