Assenagon Asset Management S.A. Sells 38,090 Shares of Proto Labs, Inc. $PRLB

Assenagon Asset Management S.A. decreased its holdings in Proto Labs, Inc. (NYSE:PRLB) by 57.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,745 shares of the industrial products company’s stock after selling 38,090 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Proto Labs worth $1,388,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of 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 buying an additional 738 shares in the last quarter. State of Wyoming acquired a new position in shares of Proto Labs in the first quarter worth approximately $99,000. Tower Research Capital LLC TRC raised its stake in Proto Labs by 363.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,806 shares of the industrial products company’s stock worth $112,000 after buying an additional 2,200 shares during the last quarter. Osaic Holdings Inc. grew its stake in Proto Labs by 477.4% during the second quarter. Osaic Holdings Inc. now owns 3,072 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 2,540 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Proto Labs by 183.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,400 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 2,200 shares during the period. 84.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

PRLB has been the subject of several recent research reports. Benchmark boosted their price objective on Proto Labs from $45.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Zacks Research upgraded shares of Proto Labs from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Proto Labs in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.33.

Insider Activity at Proto Labs

In other news, insider Michael R. Kenison sold 3,048 shares of Proto Labs stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $50.17, for a total value of $152,918.16. Following the transaction, the insider owned 28,898 shares in the company, valued at approximately $1,449,812.66. The trade was a 9.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Proto Labs Stock Performance

Shares of NYSE:PRLB opened at $52.00 on Thursday. The firm has a fifty day moving average of $51.21 and a 200 day moving average of $47.28. Proto Labs, Inc. has a 52-week low of $29.58 and a 52-week high of $55.90. The firm has a market capitalization of $1.23 billion, a PE ratio of 85.24 and a beta of 1.18.

Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Friday, October 31st. The industrial products company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. The company had revenue of $135.37 million for the quarter, compared to analysts’ expectations of $133.83 million. Proto Labs had a return on equity of 2.23% and a net margin of 2.86%.Proto Labs’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Proto Labs has set its Q4 2025 guidance at 0.300-0.380 EPS. On average, sell-side analysts forecast that Proto Labs, Inc. will post 0.81 EPS for the current fiscal year.

About Proto Labs

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.