Insider Sale and Recent Performance of Cactus Inc. (WHD)
On July 30, 2026, Joel Bender, President, Director and 10% owner of Cactus, Inc. (NASDAQ:WHD), disposed of 86,700 shares of the company’s Class A common stock. The transaction, executed through Bender Investment Company under a Rule 10b5‑1 trading plan, generated approximately $4,995,480, equating to a sale price of $57.618 per share. Bender Investment Company is owned by Mr. Bender, who disclaims beneficial ownership of the shares except to the extent of his pecuniary interest. Following the sale, Mr. Bender’s direct holding in Cactus stands at 41,519 Class A shares.
Since the July 30 sale, WHD’s share price has climbed to $73.28, representing a 27% increase over the sale price, and is trading near its 52‑week high of $74.04. The stock is also up 87% over the past twelve months.
In parallel, Cactus reported its second‑quarter 2026 financial results, posting adjusted earnings of $0.93 per share on revenue of $449.5 million, comfortably surpassing Wall Street expectations of $0.63 per share and $398.51 million in revenue. Adjusted EBITDA rose to $133 million, a 32.5% increase from the prior quarter, while EBITDA margins expanded from 25.8% to 29.5%. The company attributed the strong performance to higher shipments, improved margins, and successful tariff recovery, including approximately $10 million in tariff refunds and anticipated additional supply‑chain savings. The Pressure Control and Spoolable Technologies segments delivered robust growth driven by international demand and heightened U.S. activity. Cactus also increased its quarterly dividend by 7% to $0.15 per share, marking the fourth consecutive year of dividend hikes, and raised its full‑year capital‑spending guidance, reflecting confidence in continued growth.