Stephen James Bagley Sells 3,454 Shares of Sono-Tek (NASDAQ:SOTK) Stock

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 3,454 shares of Sono-Tek stock in a transaction that occurred on 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 directly owned 30,800 shares of the company’s stock, valued at approximately $167,244. The trade was a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value of $6,096.00.

Sono-Tek Price Performance

Shares of NASDAQ SOTK opened at $5.16 on Thursday. The firm has a market cap of $81.12 million, a price-to-earnings ratio of 39.70 and a beta of -0.05. The stock’s fifty day moving average price is $5.30 and its two-hundred day moving average price is $4.63. Sono-Tek Corporation has a one year low of $3.23 and a one year high of $6.24.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP lifted its position 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 period. 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 buying an additional 4,305 shares during the period. HM Payson & Co. acquired a new position in shares of Sono-Tek in the 4th quarter valued at approximately $89,000. Bard Associates Inc. raised its position in shares of 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 buying an additional 2,838 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 24,239 shares during the period. Institutional investors and hedge funds own 47.89% of the company’s stock.

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.