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

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 8,346 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $5.13, for a total transaction of $42,814.98. Following the completion of the transaction, the chief financial officer directly owned 21,254 shares in the company, valued at approximately $109,033.02. The trade was a 28.20% decrease in their position. The sale was disclosed in a 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 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 Stock Down 0.4%

Shares of Sono-Tek stock opened at $5.28 on Wednesday. Sono-Tek Corporation has a 52 week low of $3.23 and a 52 week high of $6.24. The business has a 50 day moving average price of $5.30 and a 200-day moving average price of $4.66. The company has a market cap of $83.00 million, a PE ratio of 40.62 and a beta of -0.03.

Sono-Tek (NASDAQ:SOTK) last announced its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.60 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, research analysts anticipate that Sono-Tek Corporation will post 0.11 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Sono-Tek

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Sono-Tek by 29.8% during the third 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 grew 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 valued at $69,000 after purchasing an additional 3,389 shares during the period. HM Payson & Co. purchased a new stake in shares of Sono-Tek during the 4th quarter valued at $89,000. Renaissance Technologies LLC increased its position 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 valued at $260,000 after purchasing an additional 24,239 shares during the last quarter. Finally, 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 during the period. 47.89% of the stock is owned by hedge funds and other institutional investors.

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.