Proto Labs (NYSE:PRLB) Insider Michael Kenison Sells 200 Shares

Proto Labs, Inc. (NYSE:PRLB) insider Michael Kenison sold 200 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $70.00, for a total value of $14,000.00. Following the completion of the transaction, the insider directly owned 27,186 shares of the company’s stock, valued at approximately $1,903,020. This trade represents a 0.73% 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 Stock Up 1.4%

NYSE PRLB opened at $69.12 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 65.21 and a beta of 1.36. The business has a 50-day moving average price of $60.55 and a 200-day moving average price of $56.28. Proto Labs, Inc. has a twelve month low of $36.15 and a twelve month high of $70.00.

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 during the quarter, compared to analyst estimates of $135.31 million. Proto Labs had a return on equity of 4.15% and a net margin of 4.71%.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 company posted $0.33 earnings per share. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Research analysts expect that Proto Labs, Inc. will post 1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PRLB shares. Zacks Research downgraded Proto Labs from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 10th. Weiss Ratings upgraded Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.33.

Institutional Investors Weigh In On Proto Labs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments raised its position in Proto Labs by 36.0% during the first quarter. Summit Global Investments now owns 12,720 shares of the industrial products company’s stock valued at $725,000 after purchasing an additional 3,370 shares during the period. Angeles Wealth Management LLC purchased a new stake in shares of Proto Labs in the first quarter worth approximately $256,000. Independent Financial Group LLC purchased a new position in Proto Labs during the 1st quarter worth $226,000. Bastion Asset Management Inc. purchased a new position in Proto Labs during the 1st quarter worth $1,605,000. Finally, Illinois Municipal Retirement Fund increased its holdings in Proto Labs by 2.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,871 shares of the industrial products company’s stock worth $734,000 after purchasing an additional 300 shares during the period. 84.54% of the stock is currently owned by hedge funds and other institutional investors.

Proto Labs Company 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.