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 transaction of $18,755.22. Following the completion of the sale, the chief financial officer directly owned 30,800 shares in the company, valued at approximately $167,244. This represents a 10.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Sono-Tek Price Performance

Shares of Sono-Tek stock traded down $0.01 on Tuesday, reaching $5.01. 17,502 shares of the company traded hands, compared to its average volume of 35,270. Sono-Tek Corporation has a 52 week low of $3.23 and a 52 week high of $6.24. The company has a 50 day moving average of $5.30 and a 200 day moving average of $4.62. The firm has a market capitalization of $78.84 million, a PE ratio of 38.58 and a beta of -0.05.

Sono-Tek (NASDAQ:SOTK) last issued 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. 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 during the quarter, compared to analyst estimates of $5.60 million. During the same quarter last year, the business posted $0.03 EPS. As a group, analysts anticipate that Sono-Tek Corporation will post 0.11 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SOTK. Dimensional Fund Advisors LP increased its holdings in 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 lifted its stake in Sono-Tek by 28.2% during the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,389 shares during the last quarter. HM Payson & Co. bought a new stake in Sono-Tek in the 4th quarter worth approximately $89,000. Renaissance Technologies LLC boosted its stake in shares of Sono-Tek by 62.6% in the 4th 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 in the last quarter. Finally, Bard Associates Inc. boosted 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 valued at $179,000 after buying an additional 2,838 shares during the period. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

Sono-Tek Company Profile

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.