Matthew Wilks, Chief Executive Officer at ProFrac Holding Corp. (ACDC), bought 80,000 shares at $4.86 ($402K) on 2026-08-10, disclosed to the SEC on 2026-08-12.
CEO Matthew Wilks purchased $279,485 worth of shares at $4.86, marking the largest purchase of his career and signaling confidence in the company's operational momentum. This rare reversal comes as the stock has dropped 29.48% over the last 90 days, presenting a potential entry point for contrarian investors.
The stock is currently trading at $5.13, a 13.87% gain over the last 5 days but still down 29.48% over the last 90 days. The price sits 37.52% below the 52-week high of $8.21, indicating the recent rally has not yet erased the year-to-date decline.
1) Q2 2026 earnings on August 13, 2026: The company topped revenue estimates (+10.95%) but reported a -51.72% earnings miss, creating a setup for the next print. 2) Strategic upgrades and market discipline: News from August 10, 2026, highlights strategic upgrades amid industry volatility. 3) Oil price rebound: News from August 12, 2026, notes that Brent crude rebounded to the mid-$80s following geopolitical tensions in the Strait of Hormuz.
1) Competitive pricing pressure: Recent news from August 15, 2026, notes that competitive pricing pressure, especially in proppant markets in West Texas, has impacted margins. 2) Negative market reaction: Despite beating revenue expectations, the stock reacted negatively to Q2 results, as noted in news from August 15, 2026.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $4.86 | 57,519 | $279K | 69.5% |
| 2 | $5.44 | 22,481 | $122K | 30.5% |
| Total | $5.02 avg | 80,000 | $402K | 100% |
| Filing → |
| FTK | BUY | 2025-05-16 | $191K | — | Filing → |
| FTK | BUY | 2025-05-15 | $1.8M | — | Filing → |
| ACDC | BUY | 2025-05-13 | $829K | — | Filing → |