Profrac CEO Matthew Wilks buys $401,851 in company stock

Matthew Wilks, CEO and Director of ProFrac Holding Corp. (NASDAQ:ACDC), recently bolstered his ownership by purchasing 80,000 shares of Class A common stock, totaling $401,851. This move coincided with a notable surge in ACDC's stock price, marking a 14.1% increase over the past week. On August 10, 2026, Wilks indirectly acquired 57,519 shares via JCMWZ, LLC, at a weighted average price of $4.859, spanning prices between $4.645 and $4.99 per share.

The subsequent day, August 11, 2026, he added another 22,481 shares through JCMWZ, LLC, at a weighted average price of $5.4431, with prices fluctuating from $5.12 to $5.45 per share. As the Manager of JCMWZ, LLC, Wilks clarifies that he does not possess direct beneficial ownership of these indirectly held securities, except for his financial interest.

Consequently, Wilks now owns 1,788,127 shares directly and 502,097 shares indirectly through JCMWZ, LLC. Despite Wilks' endorsement of the company, InvestingPro's assessment suggests the stock is presently overvalued compared to its Fair Value. Investors keen on a detailed financial assessment of ACDC can explore the comprehensive Pro Research Report, which is available for the company and over 1,400 other US equities.

Recently, ProFrac Holding Corp. showcased robust financial performance in its second-quarter 2026 results, exceeding revenue projections. The company reported a revenue of $498 million, surpassing the estimated $478.4 million. Despite an adjusted loss per share of 30 cents, which was marginally better than the forecasted loss of 30.15 cents, ProFrac's revenue rose by 10.7% from the first quarter.

Furthermore, adjusted EBITDA expanded from $54 million to $69 million, highlighting a strengthening performance across the business. This report was produced with AI assistance and edited for accuracy. For further details, readers are directed to the provided Terms and Conditions.