Squarepoint Ops LLC Has $1.34 Million Stock Holdings in Proto Labs, Inc. $PRLB

Key Points

• Squarepoint Ops LLC cut its Proto Labs stake by 60.2% in the second quarter, selling 24,881 shares and retaining 16,439 shares worth approximately $1.34 million.
• Institutional investors and hedge funds own 84.54% of Proto Labs, with BlackRock and American Capital Management among firms that initiated significant positions during the quarter.
• Proto Labs reported quarterly EPS of $0.60 and revenue of $149.34 million, exceeding analyst expectations, while analysts maintain an overall “Buy” rating with an average price target of $89.

Squarepoint Ops LLC decreased its holdings in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 60.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,439 shares of the industrial products company's stock after selling 24,881 shares during the period. Squarepoint Ops LLC owned about 0.07% of Proto Labs worth $1,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PRLB. BlackRock Inc. bought a new stake in shares of Proto Labs in the 2nd quarter valued at approximately $317,581,000. American Capital Management Inc. bought a new position in shares of Proto Labs during the 2nd quarter worth approximately $50,524,000. Renaissance Technologies LLC lifted its position in shares of Proto Labs by 5.4% during the 1st 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 during the period. Arrowstreet Capital Limited Partnership boosted its stake in Proto Labs by 0.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 463,780 shares of the industrial products company's stock valued at $26,445,000 after buying an additional 3,162 shares in the last quarter. Finally, S Squared Technology LLC acquired a new stake in Proto Labs in the 2nd quarter valued at $23,484,661. 84.54% of the stock is owned by institutional investors and hedge funds.

Proto Labs Stock Performance

Shares of PRLB opened at $83.38 on Thursday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 66.71 and a beta of 1.42. The stock has a fifty day moving average price of $80.91 and a two-hundred day moving average price of $72.38. Proto Labs, Inc. has a 52-week low of $45.10 and a 52-week high of $93.00.

Proto Labs (NYSE:PRLB - Get Free Report) last announced its earnings results on Friday, July 31st. The industrial products company reported $0.60 EPS 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 company had revenue of $149.34 million for the quarter, compared to analysts' expectations of $144.53 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. As a group, research analysts predict that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Proto Labs Profile

Proto Labs, Inc NYSE: PRLB, doing business as Protolabs, is a digital manufacturing company that provides rapid prototyping and on-demand production services. Its platform enables engineers and product developers to upload three-dimensional computer-aided design files, receive automated design analyses and quotes, and order custom parts through a streamlined online process.

The company offers computer numerical control machining, injection molding, 3D printing and sheet-metal fabrication.

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