Insider Selling: Sono-Tek (NASDAQ:SOTK) CFO Sells $18,755.22 in Stock

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 3,454 shares of Sono-Tek stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $5.43, for a total value of $18,755.22. Following the sale, the chief financial officer owned 30,800 shares of the company’s stock, valued at approximately $167,244. This represents a 10.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $5.08, for a total transaction of $6,096.00.

Sono-Tek Trading Down 0.6%

NASDAQ:SOTK opened at $5.13 on Friday. The firm has a market cap of $80.64 million, a price-to-earnings ratio of 39.46 and a beta of -0.05. The company’s 50-day moving average is $5.30 and its two-hundred day moving average is $4.64. Sono-Tek Corporation has a 12-month low of $3.23 and a 12-month high of $6.24.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Sono-Tek by 29.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 4,305 shares during the period. Susquehanna International Group LLP boosted its position in shares of Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 3,389 shares during the last quarter. HM Payson & Co. purchased a new stake in Sono-Tek in the fourth quarter valued at approximately $89,000. Renaissance Technologies LLC grew its holdings 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. Finally, Bard Associates Inc. increased its position in Sono-Tek by 7.0% during the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 2,838 shares during the last quarter. Institutional investors and hedge funds own 47.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SOTK shares. Wall Street Zen raised shares of Sono-Tek to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings raised Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.