Strive (NASDAQ:ASST) CFO Buys $65,017.00 in Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham purchased 7,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the purchase, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at $65,017. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Benjamin Pham also recently made the following trade(s):

• On Wednesday, February 18th, Benjamin Pham purchased 6,214 shares of Strive stock. The shares were acquired at an average price of $8.06 per share, with a total value of $50,084.84.

Strive Stock Performance

NASDAQ:ASST opened at $7.90 on Thursday. The stock has a fifty day moving average price of $15.62 and a two-hundred day moving average price of $42.34. Strive, Inc. has a 1 year low of $7.57 and a 1 year high of $268.40. The stock has a market capitalization of $492.54 million, a price-to-earnings ratio of -1.31 and a beta of 16.87.

Strive (NASDAQ:ASST) last released its earnings results on Friday, November 14th. The company reported ($4.40) earnings per share for the quarter. The company had revenue of $1.54 million during the quarter.

Institutional Investors Weigh In On Strive

A number of institutional investors have recently modified their holdings of ASST. Ground Swell Capital LLC acquired a new position in Strive in the second quarter valued at about $40,000. Geode Capital Management LLC increased its holdings in Strive by 362.6% in the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning acquired a new stake in Strive during the 2nd quarter valued at approximately $79,000. XTX Topco Ltd bought a new position in Strive during the second quarter worth $126,000. Finally, Engineers Gate Manager LP bought a new stake in Strive during the second quarter valued at $40,000. Institutional investors own 5.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ASST. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Maxim Group set a $30.00 target price on Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.00.

About Strive

Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.

Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.