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

Key Points

• Major shareholder Profrac GDM sold 2.31 million Flotek shares for approximately $60.0 million at an average price of $26.01, reducing its ownership by 38.45% to 3.69 million shares.
• Flotek reported quarterly EPS of $0.26, beating the $0.13 consensus estimate, while revenue of $99.37 million exceeded expectations of $69.51 million.
• Analyst sentiment remains favorable, with four Buy ratings and one Hold rating; Lake Street raised its price target to $44, compared with an average target of $34.67.

Flotek Industries, Inc. (NYSE:FTK - Get Free Report) major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the completion of the sale, the insider directly owned 3,693,194 shares in the company, valued at $96,059,975.94. This trade represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Flotek Industries Trading Up 2.3%

Flotek Industries stock traded up $0.59 during trading on Tuesday, hitting $26.93. The company had a trading volume of 281,226 shares, compared to its average volume of 538,229. Flotek Industries, Inc. has a 1-year low of $11.50 and a 1-year high of $39.67. 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's 50 day simple moving average is $27.01 and its 200-day simple moving average is $21.80. The stock has a market cap of $975.55 million, a price-to-earnings ratio of 27.21 and a beta of 1.47.

Flotek Industries (NYSE:FTK - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 EPS for the quarter, topping 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 company had revenue of $99.37 million for the quarter, compared to analysts' expectations of $69.51 million. As a group, analysts expect that Flotek Industries, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings lowered shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. JonesTrading assumed coverage on shares of Flotek Industries in a research note on Thursday, July 9th. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Lake Street Capital lifted their price objective on shares of Flotek Industries from $40.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.67.

Institutional Trading of Flotek Industries

Hedge funds have recently added to or reduced their stakes in the company. Masters Capital Management LLC grew its stake in shares of Flotek Industries by 8.9% during 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 valued at $11,736,000 after buying an additional 288,064 shares in the last quarter. Royce & Associates LP raised its stake in Flotek Industries by 41.6% in the fourth quarter. Royce & Associates LP now owns 507,125 shares of the oil and gas company's stock valued at $8,738,000 after buying an additional 148,876 shares in the last quarter. CenterBook Partners LP lifted its holdings 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 buying an additional 113,507 shares during the last quarter. Finally, Manatuck Hill Partners LLC lifted its holdings in Flotek Industries by 9.5% during 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 last quarter. Institutional investors and hedge funds own 10.90% of the company's stock.

Flotek Industries News Summary

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

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.

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