Flotek Industries (NYSE:FTK) Shares Gap Up After Insider Buying Activity

Posted by Brenda Bartman on Sep 17th, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) gapped up prior to trading on Tuesday following insider buying activity. The stock had previously closed at $26.34, but opened at $27.23. Flotek Industries shares last traded at $26.6360, with a volume of 16,311 shares traded.

Specifically, Director Matthew Wilks acquired 1,319,493 shares of Flotek Industries stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $26.01 per share, for a total transaction of $34,320,012.93. Following the transaction, the director owned 1,477,285 shares of the company’s stock, valued at $38,424,182.85. This trade represents a 836.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

FTK has been the topic of a number of research reports. JonesTrading initiated coverage on Flotek Industries in a report on Thursday, July 9th. They set a “buy” rating and a $40.00 price objective on the stock. Weiss Ratings cut shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Lake Street Capital lifted their price target on shares of Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.67.

Get Our Latest Report on FTK

Key Flotek Industries News

Here are the key news stories impacting Flotek Industries this week:

Positive Sentiment: Director makes a substantial insider purchase. Director Matthew Wilks bought 1,319,493 shares at approximately $26.01 each, increasing his direct ownership more than eightfold. The purchase may signal confidence in Flotek’s long-term prospects. Flotek director insider purchase
Positive Sentiment: Lake Street Capital raised its price target. The firm increased its target from $40 to $44 and maintained a Buy rating, indicating continued confidence in Flotek’s earnings outlook. The company’s most recent reported quarter also exceeded consensus expectations for revenue and EPS. Lake Street Capital price target report
Negative Sentiment: A major shareholder sold a significant stake. Profrac GDM LLC sold 2,306,806 shares for approximately $60 million, reducing its position by 38.45%. The transaction could raise concerns about near-term selling pressure, although it does not necessarily indicate a change in the company’s fundamentals.
Negative Sentiment: Multiple law firms publicized a securities class action and an October 26 lead-plaintiff deadline. The allegations concern Flotek’s disclosures surrounding a roughly $400 million Puerto Rico PREPA contract, including claims that investors were not informed about concerns involving consortium partners, an allegedly unauthorized signature and a convicted felon’s participation. The contract’s collapse and related litigation create legal, reputational and financial risks. The allegations have not been proven, and the numerous announcements largely relate to the same case. Flotek securities lawsuit deadline

Flotek Industries Stock Up 4.2%

The stock’s fifty day moving average is $27.11 and its 200 day moving average is $21.89. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $1.02 billion, a P/E ratio of 28.41 and a beta of 1.47.

Flotek Industries (NYSE:FTK – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $99.37 million during the quarter, compared to analysts’ expectations of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. Research analysts predict that Flotek Industries, Inc. will post 0.76 EPS for the current fiscal year.

Institutional Trading of Flotek Industries

Institutional investors have recently modified their holdings of the company. Masters Capital Management LLC grew its stake in shares of Flotek Industries by 8.9% in the first quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock worth $18,488,000 after purchasing an additional 89,438 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Flotek Industries by 71.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock valued at $11,736,000 after purchasing an additional 288,064 shares during the last quarter. Royce & Associates LP raised its position in Flotek Industries by 41.6% during the 4th quarter. Royce & Associates LP now owns 507,125 shares of the oil and gas company’s stock valued at $8,738,000 after purchasing an additional 148,876 shares during the last quarter. CenterBook Partners LP lifted its holdings in Flotek Industries by 64.7% in the 4th quarter. CenterBook Partners LP now owns 289,026 shares of the oil and gas company’s stock worth $4,980,000 after buying an additional 113,507 shares during the period. Finally, Manatuck Hill Partners LLC lifted its holdings in Flotek Industries by 9.5% in the 4th quarter. Manatuck Hill Partners LLC now owns 289,000 shares of the oil and gas company’s stock worth $4,979,000 after buying an additional 25,000 shares during the period. 10.90% of the stock is currently owned by hedge funds and other institutional investors.

About Flotek Industries

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Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company’s principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek’s CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.