Farris Wilks Buys Over 1 Million Shares of ProFrac Holding Corp.

Farris Wilks, a notable insider, made a significant purchase of ProFrac Holding Corp. (NasdaqGS: ACDC) shares on June 25, 2026. Wilks bought 1,071,454 shares at an average price of $4.72 each, totaling approximately $5,057,262.88. This move did not fall under a pre-planned trading program, indicating a direct investment decision by Wilks.

Other Institutional Activity in ProFrac Holding Corp.

Several institutional investors have recently adjusted their positions in ProFrac Holding Corp. BlackRock, Inc. increased its holdings by 72,794 shares, ending with a total of 1,859,463 shares valued at about $11,528,670. Conversely, Crestview Partners III GP, L.P. significantly reduced its position by selling 1,893,135 shares, leaving it with 1,439,218 shares worth $8,923,152. First Financial Bankshares Inc. also trimmed its stake by 22,575 shares, holding 3,889,478 shares valued at $24,114,764. Meanwhile, D. E. Shaw & Co., Inc. added 149,978 shares, bringing its total to 1,162,917 shares, worth approximately $7,210,085.

ProFrac Holding Corp. Stock Up 14.7%

Shares of ProFrac Holding Corp. traded near $5.76 on Saturday. The company, which operates in the energy sector, has a market cap of about $1.05 billion. It currently has no meaningful P/E ratio due to its lack of profitability, but it holds a forward P/E of -13.05. The stock's 52-week range spans from $3.08 to $8.49, with a 50-day moving average of $6.92 and a 200-day moving average of $5.25. The company's beta is 1.418, indicating a higher volatility than the market average.

Recent Earnings

ProFrac Holding Corp. reported revenue of approximately $1.79 billion, reflecting a decline of 25.1% from previous levels. The company recorded a net margin of -24.3% and a return on equity of -44.1%, highlighting ongoing financial challenges. The next earnings report is expected on August 10, 2026.

Insider Buying and Selling at ProFrac Holding Corp.

In addition to Farris Wilks' substantial purchase, several other insiders have acquired shares recently. On May 27, 2026, Matthew Daniel Rinaldi, Sergei Krylov, Gerald Haddock, Stacy Durbin Nieuwoudt, and Theresa Glebocki each bought 22,421 shares at no cost, reflecting internal confidence in the company's prospects.

Analysts Set New Price Targets

On May 18, 2026, Piper Sandler maintained a 'hold' rating on ProFrac Holding Corp., setting a price target of $6.00. Morgan Stanley also maintained a 'sell' rating with a $6.00 target as of April 15, 2026. The consensus among analysts is mixed, with a mean price target of $4.87 and five analysts offering opinions.

About ProFrac Holding Corp.

ProFrac Holding Corp. is a U.S.-based company that provides technology-driven energy services. Headquartered in Willow Park, Texas, it operates across four segments, including Stimulation Services and Proppant Production. The company offers hydraulic fracturing and other completion services to oil and gas companies, as well as manufacturing high horsepower pumps and related equipment. Founded in 2016, ProFrac Holding serves the unconventional oil and gas resource sector.

Bottom Line

Farris Wilks' recent purchase of ProFrac Holding Corp. shares suggests a strong belief in the company's future. While the company's recent earnings show some financial struggles, the insider buying activity may indicate confidence in a potential turnaround. As always, it's important to remember that insider activities and institutional filings are backward-looking and may not reflect current conditions.