Proto Labs Inc (NYSE:PRLB) Director Rainer Gawlick sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $102.75, for a total value of $51,375.00. Following the transaction, the director now owns 10,925 shares of the company’s stock, valued at $1,122,543.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Rainer Gawlick also recently made the following trade(s):
- On Tuesday, November 21st, Rainer Gawlick sold 1,500 shares of Proto Labs stock. The shares were sold at an average price of $90.31, for a total value of $135,465.00.
Proto Labs Inc (PRLB) traded up $0.15 during trading on Friday, reaching $111.30. 55,033 shares of the company’s stock were exchanged, compared to its average volume of 161,367. The firm has a market cap of $2,970.00, a price-to-earnings ratio of 63.24, a price-to-earnings-growth ratio of 2.42 and a beta of 1.07. Proto Labs Inc has a 52-week low of $48.00 and a 52-week high of $113.05.
Proto Labs (NYSE:PRLB) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.04. Proto Labs had a net margin of 14.53% and a return on equity of 11.63%. The business had revenue of $88.10 million during the quarter, compared to analyst estimates of $85.68 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. research analysts predict that Proto Labs Inc will post 1.89 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in shares of Proto Labs by 25.3% during the second quarter. Russell Investments Group Ltd. now owns 16,501 shares of the industrial products company’s stock valued at $1,110,000 after purchasing an additional 3,337 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Proto Labs by 0.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 105,104 shares of the industrial products company’s stock valued at $7,069,000 after purchasing an additional 973 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Proto Labs by 44.2% during the second quarter. Bank of New York Mellon Corp now owns 498,198 shares of the industrial products company’s stock valued at $33,504,000 after purchasing an additional 152,637 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Proto Labs by 11.2% during the second quarter. Legal & General Group Plc now owns 47,003 shares of the industrial products company’s stock valued at $3,161,000 after purchasing an additional 4,744 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Proto Labs by 53.3% during the second quarter. BNP Paribas Arbitrage SA now owns 7,746 shares of the industrial products company’s stock valued at $521,000 after purchasing an additional 2,693 shares during the last quarter.
Several research analysts have issued reports on the company. Zacks Investment Research raised shares of Proto Labs from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Saturday, January 13th. Piper Jaffray Companies restated a “hold” rating and set a $84.00 price target on shares of Proto Labs in a report on Thursday, December 14th. BidaskClub cut shares of Proto Labs from a “strong-buy” rating to a “buy” rating in a report on Friday, October 6th. Finally, Craig Hallum set a $92.00 price objective on shares of Proto Labs and gave the stock a “hold” rating in a report on Monday, November 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Proto Labs currently has an average rating of “Hold” and a consensus price target of $86.50.
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Proto Labs Company Profile
Proto Labs, Inc is an e-commerce driven digital manufacturer of on-demand three dimensional (3D) printed, computer numerical control (CNC) machined and injection-molded custom parts for prototyping and short-run production. The Company’s geographic segments include the United States, Europe and Japan.
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