SATA Technology Co., Ltd. (NASDAQ:SATA) Plans Dividend of $0.06

SATA Technology Co., Ltd. (NASDAQ:SATA) declared a dividend on Saturday, October 17th. Investors of record on Friday, November 27th will be given a dividend of $0.0571 per share on Monday, November 30th. The ex-dividend date of this dividend is Friday, November 27th.

SATA Technology Trading Down 1.0%

NASDAQ SATA traded down $0.96 during trading hours on Friday, reaching $96.89. The company’s stock had a trading volume of 588,706 shares, compared to its average volume of 328,228. SATA Technology has a 1-year low of $79.01 and a 1-year high of $101.35. The firm has a 50-day moving average price of $99.71.

Insider Buying and Selling

In other news, CMO Arshia Sarkhani sold 5,634 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the transaction, the chief marketing officer directly owned 11,795 shares of the company’s stock, valued at $369,537.35. This represents a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian Logan Beirne sold 20,077 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider directly owned 41,425 shares of the company’s stock, valued at approximately $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 42,620 shares of company stock valued at $1,325,038 in the last 90 days.

SATA Technology Company Profile

Strive Asset Management, LLC is a privately owned investment manager. It primarily provides its services to investment companies. The firm is a large advisory firm, an investment adviser to an investment company which provides portfolio management for investment companies. The firm invests in exchange traded funds. The firm conducts in-house research to make its investments. Strive Asset Management, LLC was founded in 2022 and is based in Dallas, Texas.