Cactus CEO Scott Bender sells $4.99m in company stock

Scott Bender, Chairman and Chief Executive Officer of Cactus, Inc. (NASDAQ:WHD), recently disposed of 86,700 shares of the company’s Class A Common Stock. The transaction, which occurred on July 30, 2026, was executed at a price of $57.618 per share, totaling approximately $4,995,480. The sale comes as WHD stock has surged 86.7% over the past year and currently trades at $73.28, near its 52-week high of $74.04. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value—placing it among companies on the Most Overvalued list—and trades at a high P/E ratio of 62.28.

The shares sold were through Bender Investment Company, pursuant to a Rule 10b5-1 trading plan. Mr. Bender has an ownership interest in Bender Investment Company and disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.

Following this transaction, Mr. Bender directly holds 120,527 shares of Cactus, Inc. Class A Common Stock. In addition to his role as Chairman and CEO, Mr. Bender is also a Director and a 10% owner of the company. For deeper insights into WHD’s valuation and 18+ additional InvestingPro Tips, investors can access the comprehensive Pro Research Report covering this and 1,400+ other US equities.

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