Robert Bodor Sells 4,000 Shares of Proto Labs, Inc. (PRLB) Stock
Proto Labs, Inc. (NYSE:PRLB) VP Robert Bodor sold 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $94.79, for a total transaction of $379,160.00. Following the completion of the transaction, the vice president now owns 20,578 shares in the company, valued at $1,950,588.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Proto Labs, Inc. (PRLB) traded up $1.40 during mid-day trading on Friday, hitting $100.35. 357,300 shares of the stock were exchanged, compared to its average volume of 193,585. Proto Labs, Inc. has a 12 month low of $48.00 and a 12 month high of $101.00. The firm has a market capitalization of $2,645.93, a price-to-earnings ratio of 56.74, a price-to-earnings-growth ratio of 2.49 and a beta of 1.06.
Proto Labs (NYSE:PRLB) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The company had revenue of $88.10 million for the quarter, compared to analyst estimates of $85.68 million. During the same period in the prior year, the business earned $0.51 earnings per share. Proto Labs’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts anticipate that Proto Labs, Inc. will post 1.9 EPS for the current year.
A number of equities analysts have commented on PRLB shares. Zacks Investment Research upgraded shares of Proto Labs from a “hold” rating to a “buy” rating and set a $96.00 price target on the stock in a research report on Friday, November 3rd. BidaskClub lowered shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies reiterated a “hold” rating and set a $84.00 target price on shares of Proto Labs in a research report on Thursday. Finally, Craig Hallum set a $92.00 target price on shares of Proto Labs and gave the stock a “hold” rating in a research report on Monday, November 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.25.
Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Proto Labs by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,323 shares of the industrial products company’s stock worth $156,000 after purchasing an additional 349 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Proto Labs during the third quarter worth approximately $238,000. Hanseatic Management Services Inc. acquired a new position in shares of Proto Labs during the third quarter worth approximately $243,000. Pinebridge Investments L.P. lifted its position in shares of Proto Labs by 0.9% during the second quarter. Pinebridge Investments L.P. now owns 3,212 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 29 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Proto Labs by 3.6% during the second quarter. Advisor Group Inc. now owns 3,409 shares of the industrial products company’s stock worth $230,000 after buying an additional 119 shares during the last quarter.
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Proto Labs Company Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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