Insider Selling: CitroTech (NYSEAMERICAN:CITR) CTO Sells $825,003.00 in Stock

Key Points

• CitroTech CTO Stephen Conboy sold 275,001 shares at an average price of $3.00, generating $825,003. Following the transaction, he retained 2.06 million shares, an 11.77% reduction in his position.
• CitroTech shares recently traded at $5.96, while the company continues to report significant losses, including quarterly EPS of negative $0.33 and a net margin of negative 1,829.60%.
• Analyst sentiment remains moderately positive, with a consensus rating of “Moderate Buy” and a $16 price target, although only one analyst rates the stock Buy and another rates it Hold.

CitroTech Inc. (NYSEAMERICAN:CITR - Get Free Report) CTO Stephen Conboy sold 275,001 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $3.00, for a total value of $825,003.00. Following the completion of the sale, the chief technology officer directly owned 2,060,557 shares of the company's stock, valued at approximately $6,181,671. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CitroTech Price Performance

Shares of CITR traded up $0.15 on Thursday, reaching $5.96. The stock had a trading volume of 51,859 shares, compared to its average volume of 45,653. The firm has a 50-day moving average of $5.82 and a 200 day moving average of $7.05. The firm has a market capitalization of $133.27 million, a PE ratio of -1.75 and a beta of 7.50. CitroTech Inc. has a twelve month low of $4.35 and a twelve month high of $12.00. The company has a quick ratio of 1.73, a current ratio of 1.97 and a debt-to-equity ratio of 0.01.

CitroTech (NYSEAMERICAN:CITR - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported ($0.33) EPS for the quarter. CitroTech had a negative net margin of 1,829.60% and a negative return on equity of 315.55%. The company had revenue of $0.34 million for the quarter. Sell-side analysts expect that CitroTech Inc. will post -0.97 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CITR. Northland Securities began coverage on shares of CitroTech in a report on Thursday, June 11th. They issued an "outperform" rating and a $16.00 price objective for the company. Zacks Research raised shares of CitroTech to a "hold" rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Hedge Funds Weigh In On CitroTech

Large investors have recently bought and sold shares of the stock. Coastal Bridge Advisors LLC bought a new stake in shares of CitroTech during the 4th quarter worth about $108,000. FNY Investment Advisers LLC boosted its holdings in shares of CitroTech by 200.1% in the second quarter. FNY Investment Advisers LLC now owns 27,715 shares of the company's stock valued at $152,000 after acquiring an additional 18,481 shares in the last quarter. T3 Companies LLC bought a new stake in CitroTech during the fourth quarter worth approximately $274,000. Finally, Fifth Third Bancorp bought a new stake in CitroTech during the first quarter worth approximately $1,046,000.

CitroTech Company Profile

CitroTech Inc manufactures and sells fire inhibitor products in the United States and Canada. The company also offers lumber treatment and spraying solutions, as well as develops wildfire defense systems on residential and commercial properties under the CitroSafe Systems brand name. It serves wildland fire, residential home protection, wood products, ground application, lumber and building materials, and construction industries; homeowners; governments; and agencies. The company was formerly known as General Enterprise Ventures, Inc and changed its name to CitroTech Inc in January 2026.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source