Insider Selling: Sono-Tek (NASDAQ:SOTK) CFO Sells 8,346 Shares of Stock

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 8,346 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total transaction of $42,814.98. Following the completion of the sale, the chief financial officer owned 21,254 shares of the company’s stock, valued at approximately $109,033.02. The trade was a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stephen James Bagley also recently made the following trade(s):

• On Monday, July 27th, Stephen James Bagley sold 1,200 shares of Sono-Tek stock. The stock was sold at an average price of $5.08, for a total transaction of $6,096.00.
• On Thursday, July 23rd, Stephen James Bagley sold 3,454 shares of Sono-Tek stock. The stock was sold at an average price of $5.43, for a total transaction of $18,755.22.

Sono-Tek Price Performance

NASDAQ:SOTK traded up $0.13 during trading hours on Monday, reaching $5.30. 53,956 shares of the company were exchanged, compared to its average volume of 35,423. The firm has a market cap of $83.32 million, a price-to-earnings ratio of 40.77 and a beta of -0.03. Sono-Tek Corporation has a 52-week low of $3.23 and a 52-week high of $6.24. The stock has a 50 day simple moving average of $5.30 and a 200 day simple moving average of $4.64.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The company had revenue of $5.66 million for the quarter, compared to analyst estimates of $5.60 million. During the same quarter last year, the business earned $0.03 EPS. On average, analysts predict that Sono-Tek Corporation will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Sono-Tek

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP lifted its holdings in shares of Sono-Tek by 28.2% during the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Sono-Tek by 29.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 4,305 shares in the last quarter. HM Payson & Co. acquired a new stake in Sono-Tek in the 4th quarter valued at $89,000. Bard Associates Inc. increased its holdings in Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 2,838 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 24,239 shares during the period. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on SOTK shares. Weiss Ratings upgraded Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Sono-Tek to a “strong-buy” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $8.50.

About Sono-Tek

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.