Anthony K. McDonald, the CEO and President of CEA Industries Inc. (NASDAQ:CEAD), recently increased his holdings in the company by purchasing additional shares of common stock. According to a recent filing, McDonald acquired a total of 3,113 shares on December 10, 2024. The transactions were conducted at prices ranging from $7.55 to $7.85 per share, amounting to a total purchase value of $23,796. The timing appears strategic, as InvestingPro data shows the stock has delivered strong returns of over 27% in the past year, with particularly robust momentum in recent months.
Following these transactions, McDonald now owns 7,947 shares directly. This move reflects a significant increase in his stake, underscoring his confidence in the company's prospects. CEA Industries, based in Boulder, Colorado, operates in the agriculture services sector and continues to focus on industrial applications and services. According to InvestingPro analysis, the company maintains a strong financial position with a current ratio of 11.42 and holds more cash than debt on its balance sheet. While currently trading below its Fair Value, investors should note that the company faces profitability challenges, with negative earnings in the last twelve months. For comprehensive analysis and additional insights, subscribers can access over 10 more exclusive ProTips on the platform.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.