Dan Wilks Buys 30,820 Shares of ProFrac (NASDAQ:ACDC) 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 acquired at an average cost of $4.81 per share, with a total value of $148,244.20. Following the completion of the acquisition, the insider directly owned 88,107,422 shares in the company, valued at approximately $423,796,699.82. This represents a 0.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

ProFrac Price Performance

Shares of ACDC opened at $5.26 on Friday. The firm has a market capitalization of $957.97 million, a price-to-earnings ratio of -2.26 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.59 and a current ratio of 0.84. ProFrac Holding Corp. has a one year low of $3.08 and a one year high of $8.22. The stock’s fifty day moving average is $4.92 and its 200-day moving average is $5.88.

More ProFrac News

Here are the key news stories impacting ProFrac this week:

• Positive Sentiment: Major shareholder Dan H. Wilks purchased a combined 607,227 ACDC shares on August 21, 24, and 25 for approximately $2.87 million, at prices ranging from $4.70 to $4.81. The purchases increased his stake to more than 88 million shares and may signal confidence that ProFrac is undervalued. Insider buying report
• Positive Sentiment: THRC Holdings LP reported matching purchases of 607,227 shares over the same period, also totaling approximately $2.87 million. Buying by major holders can provide a supportive ownership signal, though it does not immediately improve ProFrac’s earnings, liquidity, or balance sheet. SEC Form 4 filing
• Neutral Sentiment: Institutional ownership is relatively limited at 12.75%, although several investment firms recently initiated or expanded small positions. These changes suggest some investor interest but are unlikely to be a major near-term catalyst.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley lowered its price target from $5.00 to $4.50 and maintained an “underweight” rating, while Wall Street Zen downgraded ACDC from “hold” to “sell.” The consensus rating is “Reduce,” with an average target of $5.25. ProFrac analyst and insider coverage
• Negative Sentiment: ProFrac continues to trade below its 50-day and 200-day moving averages. Its negative P/E ratio, current ratio below 1, quick ratio of 0.59, and debt-to-equity ratio of 1.42 point to ongoing profitability, liquidity, and leverage risks.

Institutional Trading of ProFrac

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of ProFrac by 7,241.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,524 shares of the company’s stock valued at $27,000 after buying an additional 3,476 shares during the period. Raymond James Financial Inc. acquired a new position in ProFrac during the second quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in ProFrac during the third quarter worth about $45,000. Price T Rowe Associates Inc. MD bought a new stake in ProFrac in the fourth quarter worth about $46,000. Finally, The Manufacturers Life Insurance Company bought a new stake in ProFrac in the fourth quarter worth about $47,000. Institutional investors own 12.75% of the company’s stock.

Analysts Set New Price Targets

ACDC has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of ProFrac in a research note on Wednesday, June 24th. Piper Sandler upped their price target on shares of ProFrac from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Morgan Stanley reduced their price target on shares of ProFrac from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a report on Sunday, August 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ProFrac has a consensus 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.