11,111,111 Shares in Strive, Inc. $ASST Purchased by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC purchased a new position in shares of Strive, Inc. (NASDAQ:ASST) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 11,111,111 shares of the company’s stock, valued at approximately $27,778,000. Strive comprises approximately 0.9% of Ghisallo Capital Management LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds have also added to or reduced their stakes in ASST. Geode Capital Management LLC raised its position in Strive by 362.6% during 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 in the last quarter. Creative Planning bought a new stake in Strive during the second quarter worth $79,000. XTX Topco Ltd acquired a new stake in shares of Strive in the 2nd quarter valued at $126,000. Engineers Gate Manager LP acquired a new stake in shares of Strive in the 2nd quarter valued at $40,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Strive in the 2nd quarter valued at $27,778,000. 5.52% of the stock is owned by institutional investors.

Strive Price Performance

Shares of ASST opened at $9.53 on Friday. Strive, Inc. has a 1 year low of $7.02 and a 1 year high of $268.40. The company has a market capitalization of $594.39 million, a price-to-earnings ratio of -1.59 and a beta of 17.08. The business has a 50-day moving average of $12.91 and a 200-day moving average of $34.15.

Insider Buying and Selling

In other news, CFO Benjamin Pham purchased 7,900 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares of the company’s stock, valued at $65,017. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew Ryan Cole acquired 25,000 shares of the stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the transaction, the chief executive officer owned 38,150 shares in the company, valued at approximately $701,960. This represents a 190.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 61,935 shares of company stock worth $944,387 in the last 90 days. Corporate insiders own 2.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Maxim Group set a $30.00 price objective on Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. B. Riley Financial began coverage on shares of Strive in a research note on Tuesday. They set a “buy” rating and a $12.00 target price on the stock. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Zacks Research raised Strive to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.