Notis McConarty Edward Acquires Shares of 61,390 Proto Labs, Inc. $PRLB

Notis McConarty Edward bought a new position in shares of Proto Labs, Inc. (NYSE:PRLB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 61,390 shares of the industrial products company’s stock, valued at approximately $5,571,000. Proto Labs makes up about 2.4% of Notis McConarty Edward’s holdings, making the stock its 16th biggest position. Notis McConarty Edward owned about 0.26% of Proto Labs as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Group One Trading LLC bought a new position in Proto Labs during the fourth quarter worth about $25,000. NewEdge Advisors LLC raised its stake in Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 738 shares in the last quarter. NBC Securities Inc. bought a new stake in Proto Labs in the 4th quarter valued at about $46,000. USA Financial Formulas bought a new stake in Proto Labs in the 1st quarter valued at about $52,000. Finally, Modus Advisors LLC acquired a new position in shares of Proto Labs during the 4th quarter worth approximately $57,000. Institutional investors own 84.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PRLB shares. Weiss Ratings cut shares of Proto Labs from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Benchmark boosted their price target on Proto Labs from $70.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Needham & Company LLC raised Proto Labs from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Monday, August 3rd. Zacks Research upgraded Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen cut Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, Proto Labs currently has a consensus rating of “Buy” and a consensus target price of $89.00.

Insider Activity

In related news, Director Sven Wehrwein sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total transaction of $154,560.00. Following the sale, the director owned 32,505 shares in the company, valued at approximately $2,511,986.40. This trade represents a 5.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

Proto Labs Stock Down 3.3%

PRLB opened at $82.11 on Thursday. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 65.69 and a beta of 1.40. Proto Labs, Inc. has a twelve month low of $45.10 and a twelve month high of $93.00. The company has a 50-day simple moving average of $80.53 and a 200 day simple moving average of $69.94.

Proto Labs (NYSE:PRLB) last released its earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. The firm had revenue of $149.34 million for the quarter, compared to analyst estimates of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Sell-side analysts anticipate that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Proto Labs Profile

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.