120,473 Shares in Proto Labs, Inc. $PRLB Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Proto Labs, Inc. (NYSE:PRLB) during the second quarter, HoldingsChannel reports. The firm purchased 120,473 shares of the industrial products company’s stock, valued at approximately $9,820,000.

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

Analyst Ratings Changes

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

Insider Activity at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of the firm’s 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 transaction, the director directly owned 32,505 shares of the company’s stock, valued at approximately $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Proto Labs Stock Performance

PRLB stock opened at $78.63 on Thursday. Proto Labs, Inc. has a 52 week low of $45.10 and a 52 week high of $93.00. The company has a market capitalization of $1.88 billion, a PE ratio of 62.90 and a beta of 1.40. The company’s 50-day simple moving average is $80.47 and its 200 day simple moving average is $70.82.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. The business had revenue of $149.34 million during the quarter, compared to analysts’ expectations of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. On average, analysts forecast that Proto Labs, Inc. will post 1.46 EPS for the current year.

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.