Strive (NASDAQ:ASST) Shares Gap Up After Insider Buying Activity

by · The Markets Daily

Strive, Inc. (NASDAQ:ASST – Get Free Report)’s share price gapped up prior to trading on Tuesday after an insider bought additional shares in the company. The stock had previously closed at $0.7892, but opened at $0.8210. Strive shares last traded at $0.8770, with a volume of 26,600,955 shares traded.

Specifically, CEO Matthew Ryan Cole purchased 248,999 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the purchase, the chief executive officer owned 366,709 shares of the company’s stock, valued at $293,367.20. This represents a 211.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Ryan Cole bought 207,457 shares of Strive stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $0.82 per share, with a total value of $170,114.74. Following the completion of the transaction, the chief executive officer owned 263,012 shares of the company’s stock, valued at $215,669.84. This represents a 373.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Analyst Ratings Changes

ASST has been the topic of a number of analyst reports. Maxim Group set a $1.50 price target on Strive and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Weiss Ratings began coverage on Strive in a research note on Monday, December 8th. They issued a “sell (e-)” rating on the stock. Finally, Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Strive has an average rating of “Hold” and a consensus price target of $1.50.

Check Out Our Latest Stock Analysis on ASST

Strive Price Performance

The company’s fifty day moving average price is $1.17 and its 200-day moving average price is $3.57. The stock has a market cap of $720.07 million, a price-to-earnings ratio of -2.95 and a beta of 16.71.

Strive (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $1.54 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Yorkville Advisors Global LP purchased a new position in Strive in the third quarter valued at about $92,593,000. Woodline Partners LP acquired a new position in Strive in the third quarter worth $31,481,000. Alyeska Investment Group L.P. acquired a new position in Strive during the 3rd quarter valued at approximately $84,375,000. Verition Fund Management LLC acquired a new stake in shares of Strive in the 3rd quarter worth about $28,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Strive during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Company Profile

(Get Free Report)

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.

Further Reading