Renaissance Technologies LLC Acquires New Holdings in ProFrac Holding Corp. $ACDC

Posted by Geri Gentry on Aug 16th, 2026

Renaissance Technologies LLC acquired a new position in ProFrac Holding Corp. (NASDAQ:ACDC – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 140,700 shares of the company’s stock, valued at approximately $872,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its position in shares of ProFrac by 91.6% in the first quarter. Sei Investments Co. now owns 99,986 shares of the company’s stock worth $620,000 after acquiring an additional 47,800 shares in the last quarter. Walleye Capital LLC grew its stake in ProFrac by 328.6% in the 1st quarter. Walleye Capital LLC now owns 347,911 shares of the company’s stock valued at $2,157,000 after buying an additional 266,742 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of ProFrac by 156.5% in the first quarter. Dimensional Fund Advisors LP now owns 390,420 shares of the company’s stock valued at $2,421,000 after purchasing an additional 238,210 shares during the last quarter. Bank of New York Mellon Corp increased its position in ProFrac by 17.0% in the 1st quarter. Bank of New York Mellon Corp now owns 79,914 shares of the company’s stock worth $495,000 after buying an additional 11,597 shares during the period. Finally, SG Americas Securities LLC acquired a new position in ProFrac during the 1st quarter valued at $86,000. Institutional investors own 12.75% of the company’s stock.

Insider Activity

In other ProFrac news, major shareholder Dan H. Wilks purchased 202,331 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $5.44 per share, with a total value of $1,100,680.64. Following the completion of the transaction, the insider owned 87,500,195 shares in the company, valued at $476,001,060.80. The trade was a 0.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Wilks acquired 22,481 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $5.44 per share, with a total value of $122,296.64. Following the completion of the acquisition, the chief executive officer directly owned 502,097 shares in the company, valued at approximately $2,731,407.68. This represents a 4.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 800,000 shares of company stock valued at $4,018,391 over the last quarter. 2.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ACDC has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProFrac in a research report on Wednesday, June 24th. Morgan Stanley set a $5.00 price objective on ProFrac in a research report on Wednesday, July 15th. Piper Sandler increased their price target on shares of ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded ProFrac from a “sell” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $5.50.

Read Our Latest Research Report on ACDC

ProFrac Price Performance

NASDAQ ACDC opened at $5.37 on Friday. The firm’s 50 day moving average is $5.29 and its 200-day moving average is $5.90. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. ProFrac Holding Corp. has a 12-month low of $3.08 and a 12-month high of $8.22. The company has a market capitalization of $978.00 million, a PE ratio of -2.30 and a beta of 1.46.

ProFrac Company Profile

(Free Report)

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.