Farris Wilks Acquires Over 1 Million Shares of ACDC
Farris Wilks purchased 1,071,454 shares of ACDC, signaling strong insider interest.
Key Points
- Farris Wilks purchased 1,071,454 shares of ACDC on June 25, 2026, at an average price of $4.72 per share, totaling approximately $5.06 million.
- Shares of ACDC traded at $5.76 on Friday, with notable institutional activity from firms like BlackRock and D. E. Shaw & Co.
- Analyst Piper Sandler maintained a 'hold' rating on ACDC with a $6.00 price target as of May 18, 2026.
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Farris Wilks made a significant move by purchasing 1,071,454 shares of ACDC on June 25, 2026. This insider transaction was conducted at an average price of $4.72 per share, amounting to a total investment of approximately $5.06 million. This purchase was not part of a pre-planned trading program.
Insider Buying and Selling at ProFrac Holding Corp.
Farris Wilks wasn't the only insider showing interest in ACDC. Earlier, on May 27, 2026, Matthew Daniel Rinaldi, Sergei Krylov, Gerald Haddock, Stacy Durbin Nieuwoudt, and Theresa Glebocki each bought 22,421 shares, although at no reported cost per share.
Other Institutional Activity in ACDC
Institutional investors have been active in ACDC as well. BlackRock, Inc. increased its holdings by 72,794 shares, reaching a total of 1,859,463 shares valued at about $11.53 million, a 4.1% increase. Meanwhile, D. E. Shaw & Co., Inc. added 149,978 shares, ending with 1,162,917 shares worth $7.21 million, marking a 14.8% increase. On the other hand, Crestview Partners III GP, L.P. reduced its position significantly by 1,893,135 shares, bringing its total down to 1,439,218 shares, a 56.8% decrease.
ProFrac Holding Corp. Stock Up 15.5%
Shares of ACDC traded at $5.76 on Friday. The stock has seen varied institutional interest, with a 52-week range of pricing yet to be disclosed. The company's financial ratios and moving averages were not available, but the current market sentiment reflects diverse institutional strategies.
$ACDC stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 18, 2026, Piper Sandler maintained its 'hold' rating on ACDC, with a price target of $6.00. Morgan Stanley has consistently maintained a 'sell' rating, with a $6.00 target as of April 15, 2026. These ratings suggest a cautious outlook among analysts.
Bottom Line
Farris Wilks' purchase of over 1 million ACDC shares highlights a strong insider interest, potentially indicating confidence in the company's future. Institutional activities show mixed strategies, with some firms increasing their stakes while others reduce. Analyst ratings remain cautious, with Piper Sandler and Morgan Stanley maintaining their respective 'hold' and 'sell' ratings. Investors keep an eye on these developments, although insider buying is not always a definitive signal of future performance.
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