Have Insiders Sold Sono-Tek Shares Recently?

Investors may wish to note that the Executive Chairman of Sono-Tek Corporation, Christopher Coccio, recently netted US$59k from selling stock, receiving an average price of US$4.78. On the bright side, that's just a small sale and only reduced their holding by 3.8%.

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The Last 12 Months Of Insider Transactions At Sono-Tek

In fact, the recent sale by Christopher Coccio was the biggest sale of Sono-Tek shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at around the current price of US$4.62. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Sono-Tek insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for Sono-Tek

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Insider Ownership Of Sono-Tek

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Sono-Tek insiders own 22% of the company, worth about US$16m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Sono-Tek Insider Transactions Indicate?

Insiders sold Sono-Tek shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. Be aware that Sono-Tek is showing 4 warning signs in our investment analysis, and 2 of those make us uncomfortable...

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.