Cactus president Joel Bender sells $4.99m in WHD shares By Investing.com

Joel Bender, President, Director, and a 10% owner of Cactus, Inc. (), sold 86,700 shares of the company’s Class A Common Stock on July 30, 2026. The transaction amounted to approximately $4,995,480.

The shares were sold at a price of $57.618 per share. Following this transaction, Mr. Bender directly holds 41,519 shares of Cactus, Inc.The insider sale comes as WHD stock trades at $63.84, near its 52-week high of $65.19. According to InvestingPro analysis, the stock appears fairly valued at current levels. The company has delivered a strong 62% return over the past year, with shares trading at a P/E ratio of 53.4 times earnings.

The reported shares were sold by Bender investment Company pursuant to a Rule 10b5-1 trading plan. Mr. Bender holds an ownership interest in Bender investment Company and disclaims beneficial ownership of the sold shares except to the extent of his pecuniary interest.For deeper insights into WHD’s valuation and performance, InvestingPro offers 15 additional ProTips and comprehensive Pro Research Reports covering 1,400+ US stocks.

In other recent news, Cactus, Inc. reported impressive second-quarter 2026 financial results, surpassing Wall Street expectations. The company achieved adjusted earnings of $0.93 per share on revenue of $449.5 million, significantly beating the anticipated earnings of $0.63 per share on revenue of $398.51 million. This performance was driven by stronger shipments, improved margins, and successful tariff recovery efforts. Cactus also increased its quarterly dividend by 7% to $0.15 per share, marking the fourth consecutive year of dividend growth. Adjusted EBITDA rose to $133 million, a 32.5% increase from the previous quarter, with margins expanding to 29.5%. The company’s Pressure Control and Spoolable Technologies segments experienced strong growth due to international demand and increased U.S. activity. Additionally, Cactus received approximately $10 million in tariff refunds and anticipates further supply-chain savings. Management has raised full-year capital spending guidance, reflecting confidence in continued growth.

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