Flotek Industries (NYSE:FTK) Major Shareholder Profrac Gdm, Llc Sells 2,306,806 Shares

Flotek Industries, Inc. (NYSE:FTK) major shareholder Profrac Gdm, Llc sold 2,306,806 shares of Flotek Industries stock in a transaction on Friday, September 11th. The shares were sold at an average price of $26.01, for a total value of $60,000,024.06. Following the completion of the transaction, the insider owned 3,693,194 shares of the company’s stock, valued at approximately $96,059,975.94. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Flotek Industries Stock Performance

Shares of FTK opened at $26.93 on Wednesday. The stock’s 50-day simple moving average is $27.01 and its 200 day simple moving average is $21.80. The stock has a market capitalization of $975.55 million, a price-to-earnings ratio of 27.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. Flotek Industries, Inc. has a 52-week low of $11.50 and a 52-week high of $39.67.

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

Key Headlines Impacting Flotek Industries

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

• Positive Sentiment: Lake Street raises price target to $44 and reiterates Buy. The new target implies substantial upside from the referenced share price and signals confidence in Flotek’s outlook despite recent volatility. Lake Street Capital price target report
• Positive Sentiment: FY2027 EPS estimates were increased. The upward revision suggests at least one analyst sees improving future profitability, which could help support investor sentiment. FY2027 EPS estimate report
• Neutral Sentiment: Multiple law firms are seeking lead plaintiffs for the same securities class action. Investors who purchased Flotek securities generally between August 3 and August 14 or 17, 2026, have until October 26, 2026 to seek lead-plaintiff status. The notices largely repeat one another rather than represent separate lawsuits. Faruqi and Faruqi class action notice
• Negative Sentiment: The litigation alleges Flotek made misleading disclosures about a roughly $400 million Puerto Rico PREPA contract. Claims reportedly focus on undisclosed doubts about consortium-partner capacity, an allegedly unauthorized signature, and the involvement of a convicted felon. The agreement’s unwind previously caused shares to fall nearly 30%, and the ongoing legal exposure may continue weighing on investor confidence. The allegations have not been proven. Flotek PREPA contract class action notice

Institutional Trading of Flotek Industries

Several hedge funds and other institutional investors have recently bought and sold shares of FTK. Dimensional Fund Advisors LP increased its holdings in shares of Flotek Industries by 71.4% in the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock worth $11,736,000 after buying an additional 288,064 shares during the period. Bard Associates Inc. bought a new stake in shares of Flotek Industries in the 4th quarter valued at about $3,279,000. Royce & Associates LP boosted its holdings 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 acquiring an additional 148,876 shares during the period. CenterBook Partners LP grew its position in Flotek Industries by 64.7% during the 4th quarter. CenterBook Partners LP now owns 289,026 shares of the oil and gas company’s stock worth $4,980,000 after acquiring an additional 113,507 shares during the last quarter. Finally, Masters Capital Management LLC lifted its position in 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 valued at $18,488,000 after purchasing an additional 89,438 shares during the last quarter. Hedge funds and other institutional investors own 10.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Flotek Industries

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.