Insider Entities Inc. sells more than $473,000 in shares of the company by Investing.com

In recent trading activity, an insider at Asset Entities Inc. (NASDAQ:ASST) sold a significant amount of the company’s stock, according to the latest filings with the SEC. The transactions, which occurred on two separate dates, involved the sale of Class B common stock for an aggregate value in excess of $473,000.

The first sale took place on September 12, where 179,683 shares were sold at prices ranging from $1.85 to $2.19, resulting in a weighted average price of $1.9719 per share. The second trade, on September 13, involved 76,723 shares sold at a price range of $1.47 to $1.6701, with a weighted average of $1.5476 per share.

Those sales were made by Fairbanks Jackson, a significant shareholder in the company, the filings show. It is important to note that the shares were held of record by Asset Entities Holdings, LLC, and Jackson disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

SEC filings also reported that Jackson acquired 256,406 shares of Class B common stock on Sept. 10 at no cost. Following these transactions, filings show that Jackson no longer directly owns any shares of Class B common stock, as all of the reported shares are held by Asset Entities Holdings, LLC.

Investors often monitor insider buying and selling because they can provide insight into company performance and insider perspectives on stock value. Jackson’s recent sales at Asset Entities Inc. represents a notable change in insider holdings and may be of interest to current and potential investors.

In other recent news, Asset Entities Inc. made significant changes to shareholder rights and the Certificate of Designation for Series A Convertible Preferred Stock. This includes changes to the beneficial ownership limitation provisions and the conversion process. The company also announced a 1-for-5 reverse split of its common stock, a strategic move aimed at maintaining compliance with Nasdaq’s minimum offering price requirements.

In addition, the company navigated significant developments to regain Nasdaq compliance, including raising $3,000,000 through the sale of Series A convertible preferred stock to Ionic Ventures, LLC. It has also filed a shelf registration with the US Securities and Exchange Commission, which could raise up to $100 million in capital.

Asset Entities Inc. also announced a collaboration with Zendrop, a dropshipping company, to offer services through its Ternary platform. These recent developments underscore the company’s proactive approach to regulatory compliance, capital structure management and improving market offering.

InvestingPro Insights

As Asset Entities Inc. (NASDAQ:ASST) faces insider trading activity, investors may want to track the company’s financial health and market performance for a clearer picture. A look at InvestingPro’s data reveals that ASST has a market cap of just $5.36 million, indicating its position as a smaller player in the market, which aligns with InvestingPro’s Advice that ASST is a niche player in its industry.

The company’s revenue for the trailing twelve months of Q2 2024 was $0.36 million, with a notable revenue growth of 27.95%. Despite this growth, the company’s gross profit margin remains low at 4.97%, supporting InvestingPro’s Advice that ASST suffers from weak gross profit margins. This metric is crucial for investors to consider because it reflects the company’s efficiency in managing production costs relative to its sales.

Moreover, stock price volatility is evident from its recent performance, one week total return showing a significant decrease of -37.05%. This aligns with InvestingPro Advice that stocks generally trade with high price volatility, a factor that risk-averse investors may want to consider before making investment decisions. For those wanting a deeper dive into ASST’s performance and strategic analysis, InvestingPro offers additional advice, providing a more comprehensive understanding of the company’s outlook.

It’s worth noting that there are currently 13 additional InvestingPro Tips available for ASST, which can be accessed to gain additional insight into company valuation, financial health and market performance.

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.