Voya Investment Management LLC Acquires 20,419 Shares of Proto Labs, Inc. $PRLB

Voya Investment Management LLC increased its holdings in shares of Proto Labs, Inc. (NYSE:PRLB - Free Report) by 259.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,293 shares of the industrial products company's stock after buying an additional 20,419 shares during the period. Voya Investment Management LLC owned 0.12% of Proto Labs worth $991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PRLB. NewEdge Advisors LLC raised its stake in shares of Proto Labs by 7,380.0% during the first quarter. NewEdge Advisors LLC now owns 748 shares of the industrial products company's stock worth $26,000 after buying an additional 738 shares during the last quarter. GAMMA Investing LLC increased its stake in Proto Labs by 249.4% in the first quarter. GAMMA Investing LLC now owns 926 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 661 shares in the last quarter. CWM LLC increased its stake in Proto Labs by 50.4% in the first quarter. CWM LLC now owns 1,840 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 617 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Proto Labs by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 2,165 shares of the industrial products company's stock valued at $76,000 after purchasing an additional 267 shares in the last quarter. Finally, State of Wyoming bought a new stake in Proto Labs in the first quarter valued at approximately $99,000. 84.54% of the stock is owned by institutional investors.

Insider Buying and Selling at Proto Labs

In related news, CEO Suresh Krishna purchased 1,725 shares of Proto Labs stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $43.51 per share, for a total transaction of $75,054.75. Following the completion of the acquisition, the chief executive officer directly owned 18,021 shares of the company's stock, valued at $784,093.71. This represents a 10.59% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Proto Labs from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Cantor Fitzgerald upped their target price on shares of Proto Labs from $50.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Craig Hallum raised shares of Proto Labs from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a research note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $52.50.

Proto Labs Stock Down 0.4%

Proto Labs stock opened at $50.80 on Wednesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 84.67 and a beta of 1.27. Proto Labs, Inc. has a twelve month low of $26.34 and a twelve month high of $51.96. The company has a 50 day moving average of $46.56 and a 200-day moving average of $40.58.

Proto Labs (NYSE:PRLB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. The company had revenue of $135.06 million during the quarter, compared to analysts' expectations of $128.05 million. Proto Labs had a net margin of 2.91% and a return on equity of 2.22%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share. Proto Labs has set its Q3 2025 guidance at 0.350-0.430 EPS. Equities analysts anticipate that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

Proto Labs Company Profile

Proto Labs, Inc, together with its subsidiaries, operates as a digital manufacturer of custom parts in the United States and Europe. The company offers injection molding; computer numerical control machining; three-dimensional printing; and sheet metal fabrication products. It serves developers and engineers, who use 3D computer-aided design software to design products across a range of end-markets.

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