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

Proto Labs, Inc. (NYSE:PRLB) insider Michael Kenison sold 7,433 shares of the 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 sale, the insider directly owned 27,186 shares of the company’s stock, valued at approximately $1,910,088.36. The trade was a 21.47% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Price Performance

Proto Labs stock opened at $71.67 on Thursday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 67.61 and a beta of 1.36. Proto Labs, Inc. has a 1-year low of $36.15 and a 1-year high of $72.53. The business has a fifty day moving average price of $61.20 and a 200-day moving average price of $56.74.

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

Institutional Investors Weigh In On Proto Labs

Several hedge funds have recently added to or reduced their stakes in PRLB. Royal Bank of Canada boosted its holdings in Proto Labs by 51.3% in the first quarter. Royal Bank of Canada now owns 6,510 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 2,207 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Proto Labs by 3.3% in the first quarter. AQR Capital Management LLC now owns 63,871 shares of the industrial products company’s stock valued at $2,238,000 after purchasing an additional 2,040 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Proto Labs by 7,380.0% in the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 738 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Proto Labs by 68.8% in the second quarter. JPMorgan Chase & Co. now owns 21,756 shares of the industrial products company’s stock valued at $871,000 after purchasing an additional 8,864 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Proto Labs in the second quarter valued at $480,000. 84.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.