Sono-Tek (NASDAQ:SOTK) CFO Stephen James Bagley Sells 8,346 Shares of Stock

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 8,346 shares of Sono-Tek stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.13, for a total value of $42,814.98. Following the completion of the transaction, the chief financial officer directly owned 21,254 shares in the company, valued at $109,033.02. This represents a 28.20% decrease in their position. The sale was disclosed in a filing 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 shares were 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

Sono-Tek stock opened at $5.30 on Tuesday. Sono-Tek Corporation has a fifty-two week low of $3.23 and a fifty-two week high of $6.24. The firm’s 50 day simple moving average is $5.30 and its 200-day simple moving average is $4.65. The company has a market cap of $83.30 million, a P/E ratio of 40.77 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 EPS for the quarter, meeting the consensus estimate of $0.05. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. The business had revenue of $5.66 million during the quarter, compared to the consensus estimate of $5.60 million. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, analysts expect that Sono-Tek Corporation will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Sono-Tek

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Sono-Tek by 12.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 2,427 shares in the last quarter. Bard Associates Inc. raised its stake in shares of Sono-Tek by 7.0% during the 4th 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 in the last quarter. 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 buying an additional 3,389 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Sono-Tek during the 4th quarter valued at about $89,000. Finally, Renaissance Technologies LLC increased 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 worth $260,000 after buying an additional 24,239 shares during the last quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SOTK shares. Wall Street Zen raised Sono-Tek to a “strong-buy” rating in a research report 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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.