ProFrac (NASDAQ:ACDC) Major Shareholder Dan Wilks Acquires 30,820 Shares of Stock

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Dan Wilks acquired 30,820 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $4.81 per share, for a total transaction of $148,244.20. Following the completion of the purchase, the insider directly owned 88,107,422 shares of the company’s stock, valued at $423,796,699.82. The trade was a 0.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

ProFrac Stock Down 1.1%

Shares of ACDC opened at $4.62 on Thursday. The firm has a 50 day simple moving average of $4.94 and a two-hundred day simple moving average of $5.89. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.59. ProFrac Holding Corp. has a one year low of $3.08 and a one year high of $8.22. The company has a market cap of $841.39 million, a P/E ratio of -1.98 and a beta of 1.46.

Institutional Trading of ProFrac

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

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.

Wall Street Analysts Forecast Growth

ACDC has been the topic of several research analyst reports. Piper Sandler raised their price objective on ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a report on Sunday. Morgan Stanley reduced their price target 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 reaffirmed a “sell (d-)” rating on shares of ProFrac in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, ProFrac presently has an average rating of “Reduce” and an average price target of $5.25.

ProFrac Company Profile

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.