Insider Selling: Jacqueline Schneider Sells 2,000 Shares of Proto Labs Stock (PRLB)
Proto Labs (NASDAQ:PRLB) VP Jacqueline Schneider sold 2,000 shares of the stock on the open market in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $78.92, for a total value of $157,840.00. Following the completion of the transaction, the vice president now directly owns 1,250 shares in the company, valued at approximately $98,650. The transaction was disclosed in a filing with the SEC, which is available at this link.
Separately, analysts at Jefferies Group set a $65.00 price target on shares of Proto Labs (NASDAQ:PRLB) in a research note to investors on Monday, July 15th. They now have a “hold” rating on the stock.
Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $60.80.
Proto Labs (NASDAQ:PRLB) traded down 1.36% on Tuesday, hitting $78.20. 420,924 shares of the company’s stock traded hands. Proto Labs has a 1-year low of $27.96 and a 1-year high of $79.75. The stock has a 50-day moving average of $71.19 and a 200-day moving average of $59.37. The company has a market cap of $1.981 billion and a price-to-earnings ratio of 65.14.
Proto Labs (NASDAQ:PRLB) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.01. The company had revenue of $39.70 million for the quarter, compared to the consensus estimate of $40.25 million. During the same quarter last year, the company posted $0.23 earnings per share. Proto Labs’s revenue was up 32.3% compared to the same quarter last year. Analysts expect that Proto Labs will post $1.43 EPS for the current fiscal year.
Proto Labs, Inc manufactures computer numerical control machined and plastic injection molded parts. The Company offers plastic injection molded parts, rapid tooling, plastic injection molding, rapid injection molding, rapid prototyping and prototype.
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