Michael Kenison Sells 7,433 Shares of Proto Labs (NYSE:PRLB) Stock

Proto Labs, Inc. (NYSE:PRLB) insider Michael Kenison sold 7,433 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $70.26, for a total transaction of $522,242.58. Following the completion of the sale, the insider owned 27,186 shares of the company’s stock, valued at $1,910,088.36. This trade represents a 21.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Proto Labs Trading Up 0.8%

Shares of PRLB opened at $72.42 on Friday. Proto Labs, Inc. has a twelve month low of $36.15 and a twelve month high of $73.11. The firm has a market capitalization of $1.72 billion, a P/E ratio of 68.32 and a beta of 1.36. The firm’s 50-day moving average is $61.41 and its two-hundred day moving average is $56.87.

Proto Labs (NYSE:PRLB) last posted its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The company had revenue of $139.34 million during the quarter, compared to the consensus estimate of $135.31 million. Proto Labs had a net margin of 4.71% and a return on equity of 4.15%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. Analysts predict that Proto Labs, Inc. will post 1.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on PRLB. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings upgraded shares of Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Proto Labs has an average rating of “Buy” and an average target price of $53.33.

Hedge Funds Weigh In On Proto Labs

Hedge funds have recently bought and sold shares of the stock. Amalgamated Bank lifted its position in Proto Labs by 3.4% during the third quarter. Amalgamated Bank now owns 7,071 shares of the industrial products company’s stock worth $354,000 after buying an additional 235 shares during the period. Illinois Municipal Retirement Fund raised its position in Proto Labs by 2.4% in the first quarter. Illinois Municipal Retirement Fund now owns 12,871 shares of the industrial products company’s stock valued at $734,000 after purchasing an additional 300 shares during the period. SG Americas Securities LLC lifted its position in Proto Labs by 1.7% during the 3rd quarter. SG Americas Securities LLC now owns 21,419 shares of the industrial products company’s stock worth $1,072,000 after acquiring an additional 349 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Proto Labs by 3.4% during the fourth quarter. Horizon Investments LLC now owns 11,886 shares of the industrial products company’s stock worth $601,000 after purchasing an additional 395 shares in the last quarter. Finally, Diversified Trust Co. boosted its position in Proto Labs by 4.7% in the 4th quarter. Diversified Trust Co. now owns 10,495 shares of the industrial products company’s stock valued at $531,000 after buying an additional 467 shares during the last quarter. Hedge funds and other institutional investors own 84.54% of the company’s stock.

About Proto Labs

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.