Richard Frommer Buys 75,500 Shares of Prairie Operating (NASDAQ:PROP) Stock

Posted by Francis Steltz on May 20th, 2026

Prairie Operating Co. (NASDAQ:PROP – Get Free Report) Director Richard Frommer acquired 75,500 shares of Prairie Operating stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average cost of $0.87 per share, with a total value of $65,685.00. Following the transaction, the director owned 205,372 shares of the company’s stock, valued at approximately $178,673.64. The trade was a 58.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Prairie Operating Stock Down 4.7%

NASDAQ PROP traded down $0.04 during trading on Wednesday, hitting $0.83. 2,771,357 shares of the company traded hands, compared to its average volume of 3,646,471. Prairie Operating Co. has a 12 month low of $0.77 and a 12 month high of $4.33. The business has a fifty day simple moving average of $1.51 and a 200 day simple moving average of $1.69. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 909.21. The company has a market capitalization of $63.84 million, a P/E ratio of -0.40 and a beta of 1.33.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Prairie Operating from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research lowered Prairie Operating from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, William Blair set a $3.50 target price on Prairie Operating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Prairie Operating has a consensus rating of “Hold” and a consensus target price of $5.38.

Check Out Our Latest Report on Prairie Operating

Hedge Funds Weigh In On Prairie Operating

Several institutional investors and hedge funds have recently added to or reduced their stakes in PROP. Lazard Asset Management LLC bought a new position in Prairie Operating during the fourth quarter valued at about $1,628,000. Woodline Partners LP acquired a new stake in Prairie Operating during the first quarter valued at approximately $3,678,000. Marshall Wace LLP acquired a new stake in Prairie Operating during the second quarter valued at approximately $860,000. Geode Capital Management LLC boosted its holdings in Prairie Operating by 76.2% during the second quarter. Geode Capital Management LLC now owns 661,390 shares of the company’s stock valued at $1,981,000 after purchasing an additional 285,934 shares in the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in Prairie Operating by 772.1% during the first quarter. Retirement Planning Group LLC now owns 147,763 shares of the company’s stock valued at $300,000 after purchasing an additional 130,819 shares in the last quarter. 34.28% of the stock is currently owned by institutional investors.