Assenagon Asset Management S.A. Sells 280 Shares of Proto Labs, Inc. $PRLB

Assenagon Asset Management S.A. reduced its stake in shares of Proto Labs, Inc. (NYSE:PRLB) by 0.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,835 shares of the industrial products company’s stock after selling 280 shares during the period. Assenagon Asset Management S.A. owned about 0.28% of Proto Labs worth $2,636,000 at the end of the most recent reporting period.

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

Proto Labs Trading Down 0.5%

PRLB stock opened at $49.10 on Friday. The company’s 50 day moving average is $46.93 and its 200 day moving average is $40.72. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 81.83 and a beta of 1.27. Proto Labs, Inc. has a 1-year low of $26.34 and a 1-year high of $51.96.

Proto Labs (NYSE:PRLB) last issued its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.08. The firm had revenue of $135.06 million during the quarter, compared to analyst estimates of $128.05 million. Proto Labs had a return on equity of 2.22% and a net margin of 2.91%.The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Proto Labs has set its Q3 2025 guidance at 0.350-0.430 EPS. As a group, sell-side analysts forecast that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Proto Labs from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Craig Hallum upgraded Proto Labs from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday, August 1st. Finally, Cantor Fitzgerald lifted their price target on Proto Labs from $50.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Insider Buying and Selling

In related news, CEO Suresh Krishna purchased 1,725 shares of Proto Labs stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average cost of $43.51 per share, for a total transaction of $75,054.75. Following the transaction, the chief executive officer directly owned 18,021 shares in the company, valued at $784,093.71. The trade was a 10.59% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

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.