Proto Labs (NYSE:PRLB) Director Rainer Gawlick Purchases 720 Shares of Company Stock

Proto Labs, Inc. (NYSE:PRLB) Director Rainer Gawlick acquired 720 shares of Proto Labs stock in a transaction that occurred on Tuesday, November 3rd. The shares were purchased at an average cost of $68.18 per share, for a total transaction of $49,089.60. Following the purchase, the director directly owned 46,813 shares in the company, valued at $3,191,710.34. The trade was a 1.56% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Proto Labs Stock Performance

Shares of NYSE:PRLB opened at $66.64 on Thursday. Proto Labs, Inc. has a 52 week low of $46.07 and a 52 week high of $99.96. The company has a market capitalization of $1.59 billion, a PE ratio of 46.60 and a beta of 1.52. The company has a 50 day moving average price of $85.67 and a two-hundred day moving average price of $73.28.

Proto Labs (NYSE:PRLB) last posted its earnings results on Thursday, October 29th. The industrial products company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $154.32 million for the quarter, compared to analyst estimates of $149.31 million. Proto Labs had a net margin of 6.04% and a return on equity of 5.40%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. On average, sell-side analysts forecast that Proto Labs, Inc. will post 1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PRLB. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Proto Labs in a research note on Tuesday, October 27th. Needham & Company LLC boosted their target price on Proto Labs from $87.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Zacks Research lowered Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings lowered Proto Labs from a “buy (b)” rating to a “hold (c+)” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $100.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PRLB. BlackRock Inc. bought a new stake in shares of Proto Labs during the second quarter worth $317,581,000. American Capital Management Inc. acquired a new stake in shares of Proto Labs during the second quarter worth $50,524,000. Renaissance Technologies LLC raised its holdings in shares of Proto Labs by 5.4% during the first quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company’s stock worth $29,665,000 after acquiring an additional 26,700 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Proto Labs by 0.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 463,780 shares of the industrial products company’s stock valued at $26,445,000 after acquiring an additional 3,162 shares in the last quarter. Finally, S Squared Technology LLC bought a new stake in Proto Labs in the 2nd quarter valued at $23,484,661. Institutional investors and hedge funds own 84.54% of the company’s stock.

Proto Labs Company Profile

Proto Labs, Inc (NYSE: PRLB), operating as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. The company uses automated quoting and manufacturing systems to help engineers and product developers produce custom parts without relying on traditional, lengthy tooling and procurement processes.

Protolabs offers computer numerical control (CNC) machining, injection molding, 3D printing and sheet-metal fabrication. Its services support the development and production of components in a range of materials and are used across industries including automotive, aerospace, medical, electronics and consumer products.

Founded in 1999 by entrepreneur Larry Lukis, the company has expanded its reach beyond its original U.S.