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

Key Points

• Sono-Tek CFO Stephen James Bagley sold 8,346 shares at an average price of $5.13, worth approximately $42,815, reducing his position by 28.2% to 21,254 shares. He also sold 4,654 shares in two earlier July transactions.
• Sono-Tek shares rose 2.5% to $5.30, with the stock trading between a 12-month low of $3.23 and high of $6.24. The company reported quarterly EPS of $0.05 and revenue of $5.66 million, both roughly in line with analyst expectations.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating and an $8.50 price target. Institutional investors own approximately 47.9% of Sono-Tek’s outstanding shares.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) CFO Stephen James Bagley sold 8,346 shares of the stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total value of $42,814.98. Following the sale, the chief financial officer owned 21,254 shares in the company, valued at approximately $109,033.02. This trade represents a 28.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $5.08, for a total value 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 value of $18,755.22.

Sono-Tek Trading Up 2.5%

Shares of NASDAQ SOTK traded up $0.13 during trading on Monday, reaching $5.30. The company had a trading volume of 53,956 shares, compared to its average volume of 35,423. Sono-Tek Corporation has a twelve month low of $3.23 and a twelve month high of $6.24. The stock has a 50-day moving average price of $5.30 and a two-hundred day moving average price of $4.64. The stock has a market capitalization of $83.32 million, a PE ratio of 40.77 and a beta of -0.03.

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

Wall Street Analysts Forecast Growth

SOTK has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Sono-Tek from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Sono-Tek to a "strong-buy" rating in a research report on Sunday, July 12th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.50.

Institutional Investors Weigh In On Sono-Tek

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bard Associates Inc. increased its stake in Sono-Tek by 7.0% in the fourth 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 during the last quarter. Renaissance Technologies LLC boosted its stake in Sono-Tek by 41.6% in the 1st quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company's stock worth $362,000 after buying an additional 26,161 shares during the last quarter. Susquehanna International Group LLP boosted its stake in Sono-Tek by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company's stock worth $69,000 after buying an additional 3,389 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Sono-Tek by 12.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company's stock worth $88,000 after buying an additional 2,427 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in Sono-Tek in the 4th quarter valued at about $89,000. Hedge funds and other institutional investors own 47.89% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.