Dan Wilks Purchases 517,669 Shares of ProFrac (NASDAQ:ACDC) Stock

Posted by Geri Gentry on Aug 12th, 2026

ProFrac Holding Corp. (NASDAQ:ACDC – Get Free Report) major shareholder Dan Wilks purchased 517,669 shares of the business’s stock in a transaction on Monday, August 10th. The stock was acquired at an average price of $4.86 per share, with a total value of $2,515,871.34. Following the purchase, the insider directly owned 87,297,864 shares in the company, valued at $424,267,619.04. This represents a 0.60% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

ProFrac Price Performance

Shares of ProFrac stock traded down $0.13 during trading hours on Wednesday, hitting $5.14. The company’s stock had a trading volume of 1,327,232 shares, compared to its average volume of 1,905,267. The company has a market cap of $929.93 million, a PE ratio of -2.21 and a beta of 1.46. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.59 and a current ratio of 0.84. The business has a 50 day moving average price of $5.38 and a two-hundred day moving average price of $5.90. ProFrac Holding Corp. has a 12-month low of $3.08 and a 12-month high of $8.22.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACDC. Bank of America Corp DE grew its holdings in shares of ProFrac by 186.9% in the first quarter. Bank of America Corp DE now owns 175,664 shares of the company’s stock valued at $1,089,000 after purchasing an additional 114,429 shares in the last quarter. Quantinno Capital Management LP raised its stake in ProFrac by 94.4% during the first quarter. Quantinno Capital Management LP now owns 48,072 shares of the company’s stock valued at $298,000 after purchasing an additional 23,347 shares in the last quarter. Renaissance Technologies LLC bought a new position in ProFrac during the first quarter valued at $872,000. Sei Investments Co. increased its holdings in shares of ProFrac by 91.6% in the 1st quarter. Sei Investments Co. now owns 99,986 shares of the company’s stock worth $620,000 after buying an additional 47,800 shares during the last quarter. Finally, Walleye Capital LLC raised its position in shares of ProFrac by 328.6% during 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 in the last quarter. 12.75% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ACDC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of ProFrac in a report on Wednesday, June 24th. Morgan Stanley set a $5.00 target price on shares of ProFrac in a research note on Wednesday, July 15th. Wall Street Zen cut shares of ProFrac from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Piper Sandler increased their price objective on shares of ProFrac from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, ProFrac has a consensus rating of “Reduce” and a consensus price target of $5.50.

Get Our Latest Research Report on ACDC

ProFrac Company Profile

(Get 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.