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

Proto Labs, Inc. (NYSE:PRLB) insider Michael Kenison sold 16,030 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total transaction of $1,113,924.70. Following the completion of the sale, the insider owned 18,683 shares in the company, valued at $1,298,281.67. The trade was a 46.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Proto Labs Price Performance

NYSE:PRLB opened at $72.42 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 68.32 and a beta of 1.36. Proto Labs, Inc. has a 1-year low of $36.15 and a 1-year high of $73.11. The company’s fifty day moving average price is $61.41 and its 200-day moving average price is $56.87.

Proto Labs (NYSE:PRLB) last released its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $139.34 million for the quarter, compared to analyst estimates of $135.31 million. Proto Labs had a net margin of 4.71% and a return on equity of 4.15%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Equities analysts anticipate that Proto Labs, Inc. will post 1.37 EPS for the current fiscal year.

Institutional Trading of Proto Labs

A number of hedge funds have recently added to or reduced their stakes in PRLB. Royal Bank of Canada boosted its holdings in Proto Labs by 51.3% during the first quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock worth $228,000 after buying an additional 2,207 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Proto Labs by 3.3% during the first quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock worth $2,238,000 after buying an additional 2,040 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after buying an additional 738 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Proto Labs by 68.8% during the second quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock worth $871,000 after buying an additional 8,864 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Proto Labs during the second quarter worth $480,000. 84.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on PRLB shares. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings raised shares of Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research 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. According to data from MarketBeat.com, Proto Labs presently has a consensus rating of “Buy” and a consensus target price of $53.33.

About Proto Labs

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.