Proto Labs, Inc. (NYSE:PRLB) Director Rainer Gawlick sold 500 shares of Proto Labs stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $102.75, for a total value of $51,375.00. Following the completion of the sale, the director now directly owns 10,925 shares in the company, valued at $1,122,543.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Rainer Gawlick also recently made the following trade(s):
- On Tuesday, November 21st, Rainer Gawlick sold 1,500 shares of Proto Labs stock. The stock was sold at an average price of $90.31, for a total value of $135,465.00.
Shares of Proto Labs, Inc. (NYSE:PRLB) traded up $1.10 during mid-day trading on Thursday, hitting $105.35. The stock had a trading volume of 102,788 shares, compared to its average volume of 123,667. The firm has a market capitalization of $2,767.17, a P/E ratio of 60.20, a PEG ratio of 2.26 and a beta of 1.07. Proto Labs, Inc. has a 1-year low of $48.00 and a 1-year high of $109.10.
Several hedge funds have recently modified their holdings of PRLB. Russell Investments Group Ltd. increased its position in shares of Proto Labs by 25.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock valued at $1,110,000 after acquiring an additional 3,337 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Proto Labs by 0.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,104 shares of the industrial products company’s stock valued at $7,069,000 after purchasing an additional 973 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Proto Labs by 44.2% in the second quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock valued at $33,504,000 after purchasing an additional 152,637 shares during the last quarter. Legal & General Group Plc boosted its holdings in Proto Labs by 11.2% in the second quarter. Legal & General Group Plc now owns 47,003 shares of the industrial products company’s stock valued at $3,161,000 after purchasing an additional 4,744 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Proto Labs by 53.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,746 shares of the industrial products company’s stock worth $521,000 after acquiring an additional 2,693 shares in the last quarter.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Thursday. Piper Jaffray Companies restated a “hold” rating and set a $84.00 target price on shares of Proto Labs in a research report on Thursday, December 14th. Craig Hallum set a $92.00 target price on Proto Labs and gave the company a “hold” rating in a research report on Monday, November 27th. Finally, BidaskClub lowered Proto Labs from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Proto Labs has an average rating of “Hold” and a consensus target price of $84.00.
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Proto Labs Company Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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