Benjamin Pham Purchases 6,214 Shares of Strive (NASDAQ:ASST) Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average price of $8.06 per share, with a total value of $50,084.84. Following the completion of the purchase, the chief financial officer directly owned 6,214 shares of the company’s stock, valued at $50,084.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, February 17th, Benjamin Pham purchased 7,900 shares of Strive stock. The stock was purchased at an average cost of $8.23 per share, with a total value of $65,017.00.

Strive Trading Up 0.4%

Shares of NASDAQ ASST opened at $8.15 on Friday. The firm has a market capitalization of $508.32 million, a price-to-earnings ratio of -1.36 and a beta of 16.87. Strive, Inc. has a one year low of $7.57 and a one year high of $268.40. The business has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $41.71.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Friday, November 14th. The company reported ($4.40) EPS for the quarter. The business had revenue of $1.54 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ASST. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Maxim Group set a $30.00 price objective on shares of Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Strive currently has a consensus rating of “Hold” and an average target price of $30.00.

Institutional Investors Weigh In On Strive

Several hedge funds and other institutional investors have recently made changes to their positions in ASST. Ground Swell Capital LLC acquired a new position in shares of Strive during the second quarter valued at $40,000. Geode Capital Management LLC boosted its stake 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 acquiring an additional 117,249 shares during the last quarter. Creative Planning bought a new stake in shares of Strive during the 2nd quarter valued at $79,000. XTX Topco Ltd acquired a new position in shares of Strive in the 2nd quarter valued at $126,000. Finally, Engineers Gate Manager LP acquired a new position in Strive during the second quarter valued at approximately $40,000. 5.52% of the stock is owned by institutional investors and hedge funds.

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.