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Cactus, Inc.: what insiders have been doing
This page follows insider dealings at Cactus, Inc. as filed with SEC (Form 4), a company from the Energy sector. In the past year (18 October 2025 to 18 October 2026), 80 filings came from 20 insiders.
Only sales appear on the open market, 12 sales in all totalling €25.7M, filed by 8 insiders. The largest single trade was a sale of €5.5M by Bender Joel, published on 5 August 2026, equal to 0.39% of the market capitalisation.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 80 filings here. The full history, which starts in 2021, counts no purchases against 36 sales. The 10-K for the year ended 31 December 2025 shows 1.08 bn USD of revenue and 166.0 m USD of net income and a dividend of 0.54 USD per share.
Filings reach the SEC (Form 4) feed a median of 2 days after the trade. Section 16 rules allow two business days to file each Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
In the same sector, recent insider purchases at RGC Resources Inc and Empire Petroleum Corp also feature in our signals. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
312
Thresholds
n/a
Buy Volume
n/a
n/a
Sell Volume
€84M
36 ops. · all time
Who traded when
BuySaleJoel Bender5 sales
William D. Marsh3 sales
Tadlock Stephen2 sales
John A. Odonnell1 sale
Mcgovern Michael y1 sale
Scott Bender1 sale
+2 other insiders
Analyst consensus: bullish or bearish?
Analysts rate Cactus, Inc. Buy (bullish), based on 9 analysts. Average price target: US$71.56.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 5,717 of 24,148 companies
64.8
score / 100
Value55
Quality75
FCF yld5.1%
Earn yld3.9%
EV/EBITDA13.3x
ROE13%
Gross mgn37%
Net mgn15%
Debt/EBITDA0.1x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$61.71
Analyst consensus
9 analystsBuy
US$57.00Target US$71.56(+16%)US$83.00
Income statement
RevenueUS$1.1B
Gross profitUS$399.4M37% margin
EBITDAUS$327.2M30% margin
Net incomeUS$166M12.0% margin
Valuation
PER (trailing)51.9x
PER (forward)17.0x
P/Book3.5x
Beta1.43
Balance sheet & cash
Market capUS$4.3B
Total debtUS$37.7M
Free Cash FlowUS$219.6M
Debt / Equity3%
Profitability & ownership
ROE13.1%
ROA7.4%
% insiders1.0%
% institutions111.9%
Last declaration on 2 October 2026
Declarations312 total
100,000 sharesClass B Common StockSEC:0001628280-26-064684:0
100,000 sharesClass A Common StockSEC:0001628280-26-064684:3
100,000 sharesClass B Common StockSEC:0001628280-26-064684:2
100,000 sharesClass B Common StockSEC:0001628280-26-064683:0
100,000 shares@ US$61.97313.9% of flowClass A Common StockSEC:0001628280-26-064684:4
100,000 sharesClass B Common StockSEC:0001628280-26-064684:1
100,000 sharesClass B Common StockSEC:0001628280-26-064682:0
100,000 sharesClass B Common StockSEC:0001628280-26-064682:1
100,000 sharesClass B Common StockSEC:0001628280-26-064682:2
100,000 sharesClass A Common StockSEC:0001628280-26-064682:3
100,000 shares@ US$61.9738.9% of flowClass A Common StockSEC:0001628280-26-064682:4
100,000 shares@ US$62.000.14% mcap100.0% of flowCLASS A COMMONSEC144:0001628280-26-064254
25,000 sharesClass B Common StockSEC:0001628280-26-055360:1
25,000 sharesClass A Common StockSEC:0001628280-26-055360:2
25,000 sharesClass B Common StockSEC:0001628280-26-055364:0
25,000 sharesClass B Common StockSEC:0001628280-26-055361:0
25,000 sharesClass B Common StockSEC:0001628280-26-055363:0
25,000 sharesClass B Common StockSEC:0001628280-26-055360:0
25,000 shares@ US$67.64890.10% mcap27.9% of flowClass A Common StockSEC:0001628280-26-055360:3
25,000 shares@ US$67.000.037% mcap100.0% of flowCommon Class ASEC144:0001628280-26-054779
7,178 shares@ US$66.31510.029% mcap33.3% of flowClass A Common StockSEC:0001628280-26-054222:0
10,000 shares@ US$66.13060.040% mcap100.0% of flowClass A Common StockSEC:0001628280-26-054226:0
7,178 shares@ US$66.8710.011% mcap100.0% of flowCommon Class ASEC144:0001628280-26-053400
10,000 shares@ US$66.000.015% mcap100.0% of flowCommon Class ASEC144:0001628280-26-053293
100,000 sharesClass B Common StockSEC:0001628280-26-052992:1
25 of 312 declarations
About Cactus, Inc.
Cactus, Inc. (NYSE: WHD) is a U.S.-based oilfield equipment and services company headquartered in Houston, Texas, United States. The business was built around Cactus LLC, which was formed in 2011, while Cactus, Inc. was incorporated in 2017 as the public holding company ahead of the IPO. For investors, Cactus is best viewed as a specialized energy infrastructure and wellsite hardware provider rather than a broad-based E&P company. Its revenue model is anchored in three streams: product sales, rentals, and field service and other revenue. The core portfolio includes wellheads, pressure control systems, production trees, frac trees, spoolable pipe, and related fittings.
Cactus operates through two reportable segments. Pressure Control designs, manufactures, sells, and rents wellhead and pressure control equipment under the Cactus Wellhead brand. These systems are used primarily in onshore conventional and unconventional oil and gas wells across drilling, completion, and production phases. The Spoolable Technologies segment, marketed under the FlexSteel brand, designs and sells spoolable pipe and end fittings used mainly as production, gathering, and takeaway pipelines. This gives Cactus exposure not only to new well activity, but also to infrastructure needed to bring production online and move hydrocarbons efficiently. The company also provides installation, maintenance, handling, repair, and refurbishment services, which adds a valuable service layer around its equipment base.
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From a competitive standpoint, Cactus is a technically focused niche supplier with a strong position in North American onshore markets. Management states that the company has worldwide operations, with a footprint in the United States, Saudi Arabia, the UAE, and China, plus more limited operations in Australia and Canada. Its manufacturing sites and service centers are located close to major energy basins, supporting responsiveness, customer service, and equipment turnaround. That footprint, together with a relatively asset-light commercial model in parts of the business, helps support margins and cash generation when activity remains healthy.
Recent corporate developments are important. In January 2026, Cactus closed its acquisition of a majority interest in Baker Hughes’ Surface Pressure Control business, a deal management described as transformational and intended to expand the company’s scale and product offering. In February 2026, the board approved an increase in the quarterly cash dividend on Class A shares to $0.14. The company’s first-quarter 2026 update also showed higher revenue and strong operating cash flow, while ending the period with no bank debt outstanding. Overall, Cactus appears positioned as a financially disciplined energy-services platform with meaningful U.S. market exposure, international optionality, and a bigger strategic footprint following the Baker Hughes transaction.
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