Cactus Inc. president Joel Bender sells $6.39M in class A stock

Cactus Inc. President Joel Bender, a 10% owner, recently sold 100,000 shares of the company's Class A Common Stock, amounting to roughly $6.39 million. The sale occurred on November 2, 2026, and was executed under a pre-established Rule 10b5-1 trading plan. The shares were priced at $63.914, slightly above the current market price of $62.03, which is in line with InvestingPro's fair value assessment.

Cactus Inc. is valued at around $5 billion, boasting a P/E ratio of 42.57 and substantial cash reserves that exceed its debt. The company has a strong track record of consecutive dividend increases. The transaction was part of a series involving the redemption of ownership interests, during which Bender Investment Company, controlled by Bender, exchanged 100,000 Units for Class A shares.

Following these transactions, Bender is now believed to own a significant stake in the company. Despite a slight revenue shortfall, Cactus Inc. demonstrated improved margins and increased backlog, with a notable performance from the Spoolable Technologies division. The company is also planning expansion, including a new manufacturing facility in the Middle East and enhanced capacity at its Baytown site. These strategic moves highlight Cactus Inc.'s commitment to growth and operational efficiency.