Insider Buying: ProFrac (NASDAQ:ACDC) Major Shareholder Purchases 30,820 Shares of Stock

ProFrac Holding Corp. (NASDAQ:ACDC - Get Free Report) major shareholder Dan Wilks purchased 30,820 shares of the firm's stock in a transaction on Tuesday, August 25th. The shares were acquired at an average price of $4.81 per share, with a total value of $148,244.20. Following the completion of the acquisition, the insider owned 88,107,422 shares in the company, valued at approximately $423,796,699.82. This trade represents a 0.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

ProFrac Stock Performance

• 3 Mid-Caps Below $20 That Wall Street Loves

ACDC stock opened at $4.62 on Thursday. The firm has a market cap of $841.39 million, a PE ratio of -1.98 and a beta of 1.46. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 1.42. The stock has a 50-day moving average price of $4.94 and a 200-day moving average price of $5.89. ProFrac Holding Corp. has a 1-year low of $3.08 and a 1-year high of $8.22.

Analyst Upgrades and Downgrades

---

---

Several equities research analysts have recently commented on ACDC shares. Piper Sandler boosted their price objective on ProFrac from $5.00 to $6.00 and gave the company a "neutral" rating in a report on Monday, May 18th. Wall Street Zen downgraded shares of ProFrac from a "hold" rating to a "sell" rating in a report on Sunday. Morgan Stanley dropped their price objective on shares of ProFrac from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Thursday, August 20th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of ProFrac in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $5.25.

Read Our Latest Stock Report on ACDC

ProFrac News Summary

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased 607,227 shares across transactions on August 21, 24, and 25, spending approximately $2.87 million. The purchases, made at prices from $4.70 to $4.81 per share, increased his already substantial stake and may signal confidence in ProFrac’s valuation. Insider buying report
• Positive Sentiment: THRC Holdings LP separately reported matching purchases of 607,227 shares over the same dates, worth approximately $2.87 million. Repeated open-market buying by two major shareholders provides a positive ownership signal, although it does not directly improve ProFrac’s operating results or balance sheet. SEC Form 4 filing
• Neutral Sentiment: A report listed short interest at zero shares as of August 25, unchanged from August 10. However, the reported “NaN” percentage change suggests incomplete or unreliable data, limiting its usefulness for assessing potential short-term trading pressure.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley cut its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded the stock from “hold” to “sell.” The overall consensus rating is “Reduce,” with a $5.25 target based on mixed Buy, Hold, and Sell recommendations. ProFrac analyst coverage
• Negative Sentiment: ACDC’s shares remain below both the 50-day and 200-day moving averages, indicating continued technical weakness. The company also reports a negative price-to-earnings ratio, a current ratio below 1, a quick ratio of 0.59, and debt-to-equity of 1.42, highlighting profitability, liquidity, and leverage concerns.

Hedge Funds Weigh In On ProFrac

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of ProFrac by 7,241.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company's stock valued at $27,000 after purchasing an additional 3,476 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ProFrac during the 2nd quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new position in ProFrac in the 3rd quarter worth $45,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of ProFrac in the 4th quarter worth about $46,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of ProFrac in the 4th quarter worth about $47,000. 12.75% of the stock is owned by institutional investors.

About ProFrac

(Get Free Report)

ProFrac Holding Corp. operates as a technology-focused energy services holding company in the United States. It operates through three segments: Stimulation Services, Manufacturing, and Proppant Production. The company offers hydraulic fracturing, well stimulation, in-basin frac sand, and other completion services and complementary products and services to upstream oil and natural gas companies engaged in the exploration and production of unconventional oil and natural gas resources. It also manufactures and sells high horsepower pumps, valves, piping, swivels, large-bore manifold systems, and fluid ends.

Featured Stories

• Five stocks we like better than ProFrac
• Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
• Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
• Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
• Can Tesla’s Flying Roadster Distract From Its Real Risks?

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].