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

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

SATA Technology Price Performance

NASDAQ SATA traded down $0.96 during trading hours on Friday, reaching $96.89. 588,706 shares of the company traded hands, compared to its average volume of 328,228. SATA Technology has a 12 month low of $79.01 and a 12 month high of $101.35. The stock has a 50 day simple moving average of $99.71.

Insider Buying and Selling

In related news, CMO Arshia Sarkhani sold 5,634 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $176,513.22. Following the completion of the sale, the chief marketing officer 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 Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James Lavish sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. This trade represents a 40.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,620 shares of company stock worth $1,325,038.

About SATA Technology

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.