Proto Labs, Inc. $PRLB Shares Purchased by Algert Global LLC

Algert Global LLC raised its position in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 480.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,695 shares of the industrial products company's stock after buying an additional 30,370 shares during the period. Algert Global LLC owned about 0.15% of Proto Labs worth $2,991,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PRLB. Covington Investment Advisors Inc. purchased a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $5,617,000. Barbara Oil Co. purchased a new position in Proto Labs in the second quarter worth approximately $1,361,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Proto Labs in the second quarter valued at $9,820,000. Elefante Mark B acquired a new position in Proto Labs in the second quarter valued at approximately $5,302,000. Finally, First Nebraska Trust Co purchased a new position in shares of Proto Labs in the 2nd quarter valued at $545,000. Hedge funds and other institutional investors own 84.54% of the company's stock.

Proto Labs Stock Down 0.6%

Proto Labs stock opened at $79.64 on Friday. The stock has a market cap of $1.90 billion, a P/E ratio of 63.71 and a beta of 1.40. Proto Labs, Inc. has a twelve month low of $45.10 and a twelve month high of $93.00. The company's 50-day moving average price is $80.43 and its two-hundred day moving average price is $70.97.

Proto Labs (NYSE:PRLB - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.07. Proto Labs had a return on equity of 4.80% and a net margin of 5.44%.The business had revenue of $149.34 million for the quarter, compared to analysts' expectations of $144.53 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business's revenue was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Equities analysts anticipate that Proto Labs, Inc. will post 1.46 earnings per share for the current fiscal year.

Insider Activity at Proto Labs

In other news, Director Sven Wehrwein sold 2,000 shares of Proto Labs stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total transaction of $154,560.00. Following the sale, the director owned 32,505 shares in the company, valued at $2,511,986.40. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on PRLB shares. Weiss Ratings downgraded shares of Proto Labs from a "buy (b)" rating to a "buy (b-)" rating in a research report on Tuesday, August 18th. Needham & Company LLC raised shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 target price for the company in a research note on Monday, August 3rd. Zacks Research raised shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Benchmark boosted their target price on shares of Proto Labs from $70.00 to $91.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Finally, Wall Street Zen cut Proto Labs from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $89.00.

Proto Labs 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source