Dan Wilks Buys Over a Million Shares of ProFrac Holding Corp.
Dan Wilks purchased 1,071,454 shares of ProFrac Holding Corp., valued at $5.06 million.
Key Points
- Dan Wilks bought 1,071,454 shares of ProFrac Holding Corp. on June 25, 2026, at an average price of $4.72, totaling about $5.06 million.
- ProFrac Holding Corp. trades on the NasdaqGS under the ticker ACDC, with a market cap of approximately $1.05 billion and a 52-week range of $3.08 to $8.49.
- Several institutional investors adjusted their positions in ProFrac, with BlackRock increasing its stake by 72,794 shares, while Crestview Partners reduced its holdings by 1,893,135 shares.
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Dan Wilks recently made a significant purchase of ProFrac Holding Corp. shares. On June 25, 2026, Wilks bought 1,071,454 shares at an average price of $4.72 each, totaling about $5.06 million. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at ProFrac Holding Corp.
Dan Wilks wasn't the only insider to buy shares. On the same day, Farris Wilks also acquired 1,071,454 shares at the same price. Additionally, in May, Matthew Daniel Rinaldi, Sergei Krylov, Gerald Haddock, and Stacy Durbin Nieuwoudt each bought 22,421 shares, though these transactions were at zero dollars, indicating potential stock grants or awards.
Other Institutional Activity in ProFrac Holding Corp.
Several institutional investors have also been active in ProFrac Holding Corp. BlackRock, Inc. increased its holdings by 72,794 shares, bringing its total to 1,859,463 shares valued at about $11.53 million. On the other hand, Crestview Partners significantly reduced its position by 1,893,135 shares, now holding 1,439,218 shares worth approximately $8.92 million. AQR Capital Management LLC also reduced its stake by 109,583 shares, ending with 1,529,239 shares valued at $9.48 million.
ProFrac Holding Corp. Stock Up 14.7%
Shares of NasdaqGS:ACDC traded near $5.72 on Tuesday. ProFrac Holding Corp. has a market capitalization of around $1.05 billion. The stock's 52-week range spans from a low of $3.08 to a high of $8.49. It has a 50-day moving average of $6.92 and a 200-day moving average of $5.25. The company has a beta of 1.418, indicating its volatility relative to the market.
$ACDC stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
Analysts have been updating their views on ProFrac Holding Corp. On May 18, 2026, Piper Sandler maintained its hold rating with a price target of $6.00. Morgan Stanley, on April 15, 2026, maintained a sell rating, also setting a target of $6.00. The consensus target price is $4.87, based on five analyst opinions.
About ProFrac Holding Corp.
ProFrac Holding Corp. is an energy services company based in Willow Park, Texas. It focuses on providing technology-driven services and products to the oil and gas industry, particularly for unconventional resource exploration and production. The company operates through several segments, including Stimulation Services and Proppant Production. ProFrac was founded in 2016 and is led by CEO Johnathan Ladd Wilks.
Bottom Line
Dan Wilks' substantial purchase of ProFrac Holding Corp. shares highlights his confidence in the company's prospects. While insider transactions can be insightful, they are not definitive indicators of future performance. ProFrac's current market conditions and analyst ratings provide a broader context for investors considering the company's stock. As always, investors should consider a range of factors when evaluating a stock's potential.
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