Prairie Operating Co. Director Buys 89,000 Shares at $2.11/Share on 2025-09-05

Prairie Operating Co. has announced that Director Gray Jonathan H. has acquired 89,000 shares of the company at a price of $2.11 per share on September 5, 2025.

Prairie Operating Co. (NASDAQ: PROP) has seen a significant increase in short interest, with a 124.4% surge to 5,790,000 shares as of August 15th, representing approximately 30.5% of its shares sold short [1]. This substantial rise in short interest comes amid disappointing earnings results, where the company reported a quarterly EPS of $0.18, significantly below analyst estimates of $1.28, with revenues of $68.10 million against an expectation of $125.50 million [1].

In addition to the short interest spike, the company has seen notable insider activity. Director Jonathan H. Gray purchased 120,563 shares at $2.16 each on August 21st, increasing his ownership by 25.86% to 586,817 shares [1]. This purchase, totaling $260,416.08, was disclosed in a filing with the Securities & Exchange Commission (SEC) [1]. Another insider, Director Lee Stephen, acquired 2500 shares at $2.51 per share on September 2, 2025 [2].

Several hedge funds have also adjusted their positions in Prairie Operating. Bank of America Corp DE grew its holdings by 203.8% in the second quarter, now owning 9,812 shares worth $29,000 [1]. Wells Fargo & Company MN raised its position by 128.0% in the fourth quarter, owning 4,376 shares valued at $30,000 [1]. JPMorgan Chase & Co. increased its holdings by 411.4% in the second quarter, now owning 10,740 shares worth $32,000 [1]. Institutional investors and hedge funds own 34.28% of the company's stock [1].

Analysts have set new price targets for Prairie Operating. Piper Sandler downgraded the stock from an "overweight" to a "neutral" rating, while Citigroup and KeyCorp initiated coverage with "buy" ratings and $8.00 and $9.00 price targets, respectively [1]. Wall Street Zen raised the stock from a "sell" to a "hold" rating [1]. Despite these ratings, the stock has seen a decline, trading down 5.4% to $2.09 on September 5, 2025 [1].

Prairie Operating's financial profile includes a quick ratio of 0.58, a current ratio of 0.60, and a debt-to-equity ratio of 4.13 [1]. The company has a market capitalization of $105.08 million, a P/E ratio of -0.70, and a beta of 2.15 [1]. The stock has a 50-day moving average price of $3.14 and a 200-day moving average price of $4.20 [1].

References:
[1] https://www.marketbeat.com/instant-alerts/prairie-operating-co-nasdaqprop-short-interest-update-2025-09-04/
[2] https://www.ainvest.com/news/prairie-operating-director-lee-stephen-buys-2-500-shares-2-51-share-2509/