Stifel Maintains Buy on Cactus, Raises Price Target to $72

Cactus shares are trading lower after Citigroup downgraded the stock from Buy to Neutral rating.

Citigroup Downgrades Cactus to Neutral, Raises Price Target to $75

Citigroup analyst Scott Gruber downgrades Cactus (NYSE:WHD) from Buy to Neutral and raises the price target from $67 to $75.

Is Cactus Stock Still a Buy After a Board Member Shed 10,000 Shares?

Cactus director John A. O'Donnell sold 10,000 shares (36% of his direct stake) on August 5, 2026, at $66.13 per share, slightly above the market close of $65.91. Despite the insider sale, the article notes Cactus has posted record quarterly results with strong revenue growth driven by acquisition activity and robust energy services demand. The key question for investors is whether oil and gas drilling activity remains strong enough to sustain the company's momentum.

Should You Sell Cactus Stock After a Company Insider Offloaded 7,100 Shares?

Cactus General Counsel William Marsh sold 7,178 shares (28% of his direct stake) for $476,000 on August 5, 2026, at $66.32 per share. Despite the insider sale, the article notes Cactus delivered record quarterly results with strong revenue growth. The company remains a profitable operation in the oil and gas equipment sector with impressive momentum, though investors should monitor the cyclical nature of energy drilling activity.