Proto Labs (NYSE:PRLB) Insider Michael Kenison Sells 16,030 Shares

Proto Labs, Inc. (NYSE:PRLBGet Free Report) insider Michael Kenison sold 16,030 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $69.49, for a total transaction of $1,113,924.70. Following the completion of the transaction, the insider directly owned 18,683 shares of the company’s stock, valued at approximately $1,298,281.67. The trade was a 46.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Proto Labs Trading Up 0.9%

NYSE:PRLB traded up $0.65 on Wednesday, hitting $71.67. The company had a trading volume of 210,665 shares, compared to its average volume of 179,459. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 67.61 and a beta of 1.36. The firm has a 50 day moving average of $61.02 and a two-hundred day moving average of $56.63. Proto Labs, Inc. has a 52 week low of $36.15 and a 52 week high of $72.53.

Proto Labs (NYSE:PRLBGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The business had revenue of $139.34 million during the quarter, compared to the consensus estimate of $135.31 million. Proto Labs had a net margin of 4.71% and a return on equity of 4.15%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. As a group, equities analysts forecast that Proto Labs, Inc. will post 1.37 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research raised shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings upgraded shares of Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Proto Labs has a consensus rating of “Buy” and an average price target of $53.33.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PRLB. Group One Trading LLC acquired a new position in shares of Proto Labs in the 4th quarter worth approximately $25,000. NewEdge Advisors LLC increased its stake in shares of Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 738 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Proto Labs in the 4th quarter valued at $46,000. Modus Advisors LLC bought a new stake in shares of Proto Labs in the 4th quarter valued at $57,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Proto Labs in the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 84.54% of the company’s stock.

About Proto Labs

(Get Free Report)

Proto Labs, Inc is a digital manufacturing company that offers on-demand production services for custom parts and prototypes. Utilizing technologies such as 3D printing (additive manufacturing), CNC machining and injection molding, the company transforms digital CAD designs into functional parts on accelerated timelines. Its platform-driven process combines automated quoting, rapid tool generation and manufacturing execution to serve product developers, engineers and small- to medium-sized production runs.

Founded in 1999 by Larry Lukis, Proto Labs has championed the application of digital workflows to traditional manufacturing methods.

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