Proto Labs, Inc. (PRLB) VP Sells $234,713.18 in Stock
Proto Labs, Inc. (NYSE:PRLB) VP Robert Bodor sold 3,259 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $72.02, for a total transaction of $234,713.18. Following the completion of the sale, the vice president now directly owns 19,837 shares of the company’s stock, valued at approximately $1,428,660.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Proto Labs, Inc. (NYSE:PRLB) traded down 0.269% during trading on Monday, hitting $71.208. 6,843 shares of the stock were exchanged. The stock has a market cap of $1.89 billion, a P/E ratio of 42.640 and a beta of 0.93. Proto Labs, Inc. has a 52 week low of $43.10 and a 52 week high of $72.15. The firm’s 50 day moving average price is $67.30 and its 200-day moving average price is $57.90.
Proto Labs (NYSE:PRLB) last posted its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.11. Proto Labs had a net margin of 14.48% and a return on equity of 11.84%. The company had revenue of $80.20 million for the quarter, compared to analyst estimates of $75.05 million. During the same period in the prior year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Proto Labs, Inc. will post $2.04 EPS for the current year.
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A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Proto Labs from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. Dougherty & Co raised their price objective on shares of Proto Labs from $42.50 to $45.00 and gave the company a “sell” rating in a research note on Friday, April 28th. Finally, TheStreet raised shares of Proto Labs from a “c+” rating to a “b-” rating in a research note on Friday, May 5th.
Several large investors have recently bought and sold shares of PRLB. BlackRock Inc. raised its position in shares of Proto Labs by 146,773.4% in the first quarter. BlackRock Inc. now owns 2,905,155 shares of the industrial products company’s stock valued at $148,453,000 after buying an additional 2,903,177 shares in the last quarter. Norges Bank bought a new position in shares of Proto Labs during the fourth quarter valued at about $24,400,000. Handelsbanken Fonder AB raised its position in shares of Proto Labs by 676.7% in the second quarter. Handelsbanken Fonder AB now owns 466,036 shares of the industrial products company’s stock valued at $31,341,000 after buying an additional 406,036 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Proto Labs during the first quarter valued at about $8,416,000. Finally, Brown Capital Management LLC raised its position in shares of Proto Labs by 2.9% in the first quarter. Brown Capital Management LLC now owns 3,801,528 shares of the industrial products company’s stock valued at $194,258,000 after buying an additional 107,183 shares in the last quarter.
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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