ProFrac (NASDAQ:ACDC) Major Shareholder Holdings Lp Thrc Acquires 30,820 Shares

ProFrac Holding Corp. (NASDAQ:ACDC) major shareholder Holdings Lp Thrc purchased 30,820 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $4.81 per share, with a total value of $148,244.20. Following the completion of the purchase, the insider owned 83,816,235 shares of the company’s stock, valued at approximately $403,156,090.35. This represents a 0.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed 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.

Holdings Lp Thrc also recently made the following trade(s):

• On Monday, August 24th, Holdings Lp Thrc bought 363,757 shares of ProFrac stock. The stock was acquired at an average price of $4.70 per share, for a total transaction of $1,709,657.90.
• On Friday, August 21st, Holdings Lp Thrc bought 212,650 shares of ProFrac stock. The stock was bought at an average price of $4.74 per share, for a total transaction of $1,007,961.00.

ProFrac Price Performance

Shares of NASDAQ:ACDC opened at $4.62 on Thursday. ProFrac Holding Corp. has a 1-year low of $3.08 and a 1-year high of $8.22. The stock has a market cap of $841.39 million, a PE ratio of -1.98 and a beta of 1.46. The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $5.89. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 1.42.

Trending Headlines about ProFrac

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 hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in ProFrac by 7,241.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock valued at $27,000 after acquiring an additional 3,476 shares during the last quarter. Raymond James Financial Inc. bought a new position in ProFrac in the 2nd quarter worth $29,000. BNP Paribas Financial Markets raised its stake in ProFrac by 389.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 6,122 shares of the company’s stock valued at $48,000 after purchasing an additional 4,871 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of ProFrac by 822.3% in the second quarter. Tower Research Capital LLC TRC now owns 11,234 shares of the company’s stock worth $87,000 after buying an additional 10,016 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of ProFrac during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 12.75% of the company’s stock.

Wall Street Analysts Forecast Growth

ACDC has been the subject of several research analyst reports. Wall Street Zen lowered ProFrac from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of ProFrac in a report on Wednesday, June 24th. Piper Sandler raised their price target on shares of ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Finally, Morgan Stanley dropped their price target on ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus 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.