Proto Labs, Inc. $PRLB Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in Proto Labs, Inc. (NYSE:PRLB) by 68.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,776 shares of the industrial products company’s stock after purchasing an additional 19,031 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Proto Labs were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PRLB. Group One Trading LLC acquired a new position in shares of Proto Labs during the fourth quarter worth approximately $25,000. NewEdge Advisors LLC grew its position in Proto Labs by 7,380.0% in the 1st quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company’s stock valued at $26,000 after buying an additional 738 shares in the last quarter. NBC Securities Inc. acquired a new position in Proto Labs during the 4th quarter valued at about $46,000. Modus Advisors LLC acquired a new position in Proto Labs during the 4th quarter valued at about $57,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Proto Labs during the 3rd quarter worth about $64,000. Institutional investors own 84.54% of the company’s stock.

Insider Activity at Proto Labs

In related news, insider Michael R. Kenison sold 16,030 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $69.49, for a total value of $1,113,924.70. Following the completion of the sale, the insider owned 18,683 shares in the company, valued at approximately $1,298,281.67. This represents a 46.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sven Wehrwein sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the transaction, the director directly owned 32,505 shares of the company’s stock, valued at $2,511,986.40. This represents a 5.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 25,663 shares of company stock valued at $1,804,727. 1.30% of the stock is owned by insiders.

Proto Labs Stock Up 2.2%

Shares of Proto Labs stock opened at $81.53 on Wednesday. The stock’s fifty day moving average is $73.07 and its 200-day moving average is $62.94. The firm has a market capitalization of $1.94 billion, a PE ratio of 76.92 and a beta of 1.39. Proto Labs, Inc. has a 12-month low of $38.48 and a 12-month high of $83.15.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Proto Labs from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $53.33.

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.