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

Key Points

• Assenagon Asset Management cut its Proto Labs stake by 73.8% in the second quarter, selling 34,538 shares and retaining 12,238 shares valued at approximately $998,000. Institutional investors collectively own 84.54% of the company.
• Proto Labs reported quarterly EPS of $0.60, beating estimates of $0.53, while revenue rose 10.5% year over year to $149.34 million. The company issued third-quarter EPS guidance of $0.56–$0.64.
• Analyst sentiment remains positive, with the stock carrying an average “Buy” rating and an $89 price target. PRLB shares opened at $91.77, near their 52-week high of $93.00.

Assenagon Asset Management S.A. lowered its stake in Proto Labs, Inc. (NYSE:PRLB - Free Report) by 73.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,238 shares of the industrial products company's stock after selling 34,538 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Proto Labs worth $998,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP increased its stake in shares of Proto Labs by 98.9% during the 1st quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company's stock worth $1,580,000 after purchasing an additional 13,781 shares during the last quarter. Bastion Asset Management Inc. acquired a new position in Proto Labs during the 1st quarter valued at $1,605,000. Edgestream Partners L.P. bought a new stake in shares of Proto Labs in the 1st quarter worth approximately $1,084,000. Renaissance Technologies LLC boosted its stake in Proto Labs by 5.4% during the first quarter. Renaissance Technologies LLC now owns 520,251 shares of the industrial products company's stock worth $29,665,000 after buying an additional 26,700 shares in the last quarter. Finally, Auto Owners Insurance Co boosted its holdings in Proto Labs by 4,959.0% during the fourth quarter. Auto Owners Insurance Co now owns 227,655 shares of the industrial products company's stock valued at $11,517,000 after purchasing an additional 223,155 shares in the last quarter. Institutional investors and hedge funds own 84.54% of the company's stock.

Proto Labs Stock Performance

Shares of NYSE PRLB opened at $91.77 on Friday. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 73.42 and a beta of 1.40. Proto Labs, Inc. has a fifty-two week low of $45.10 and a fifty-two week high of $93.00. The firm's 50-day simple moving average is $79.89 and its 200 day simple moving average is $69.13.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PRLB. Weiss Ratings raised Proto Labs from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 3rd. Zacks Research upgraded shares of Proto Labs from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Benchmark increased their price objective 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. Needham & Company LLC raised shares of Proto Labs from a "hold" rating to a "buy" rating and set a $87.00 price objective on the stock in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded 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 given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $89.00.

Insider Activity

In related 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 value of $154,560.00. Following the sale, the director owned 32,505 shares of the company's stock, valued at approximately $2,511,986.40. The trade was a 5.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

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.

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