Insider Selling: Proto Labs (NYSE:PRLB) Insider Sells $1,113,924.70 in Stock

Proto Labs, Inc. (NYSE:PRLB) insider Michael Kenison sold 16,030 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $69.49, for a total value of $1,113,924.70. Following the completion of the transaction, the insider owned 18,683 shares in the company, valued at approximately $1,298,281.67. The trade was a 46.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Proto Labs Stock Performance

Shares of NYSE:PRLB opened at $71.90 on Friday. The business’s 50 day simple moving average is $61.59 and its two-hundred day simple moving average is $56.97. The firm has a market cap of $1.71 billion, a P/E ratio of 67.83 and a beta of 1.36. Proto Labs, Inc. has a 52-week low of $36.15 and a 52-week high of $73.11.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings results on Friday, May 1st. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $139.34 million for 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 company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Proto Labs has set its Q2 2026 guidance at 0.500-0.580 EPS. On average, equities analysts forecast that Proto Labs, Inc. will post 1.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings upgraded Proto Labs from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research raised Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $53.33.

Institutional Trading of Proto Labs

Institutional investors and hedge funds have recently modified their holdings of the stock. Hussman Strategic Advisors Inc. purchased a new stake in shares of Proto Labs in the third quarter worth approximately $2,101,000. Essex Investment Management Co. LLC purchased a new stake in shares of Proto Labs in the third quarter worth approximately $1,045,000. Allianz Asset Management GmbH purchased a new stake in shares of Proto Labs in the third quarter worth approximately $456,000. SG Americas Securities LLC raised its stake in shares of Proto Labs by 40.8% in the fourth quarter. SG Americas Securities LLC now owns 30,155 shares of the industrial products company’s stock worth $1,526,000 after purchasing an additional 8,736 shares during the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Proto Labs in the third quarter worth approximately $6,425,000. 84.54% of the stock is 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.