WHD - Scott Bender Takes Money Off The Table Sells $30.84M In Cactus Stock | Benzinga
Revealing a significant insider sell on May 9, Scott Bender, Chairman and CEO at Cactus (NYSE:WHD), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Thursday outlined that Bender executed a sale of 600,000 shares of Cactus with a total value of $30,843,161.
During Friday's morning session, Cactus shares up by 1.25%, currently priced at $51.75.
Discovering Cactus: A Closer Look
Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, conventional wellheads, and production valves among others. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production. The company has two operating segments; Pressure Control , which generates key revenue and Spoolable Technologies.
A Deep Dive into Cactus's Financials
Revenue Growth: Cactus displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate ...