S Squared Technology LLC Invests $23.48 Million in Proto Labs, Inc. $PRLB

S Squared Technology LLC bought a new position in Proto Labs, Inc. (NYSE:PRLB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 288,120 shares of the industrial products company’s stock, valued at approximately $23,484,661. Proto Labs makes up about 0.0% of S Squared Technology LLC’s portfolio, making the stock its 3rd biggest position. S Squared Technology LLC owned 1.20% of Proto Labs as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PRLB. Rice Hall James & Associates LLC acquired a new position in shares of Proto Labs in the 2nd quarter worth approximately $8,882,000. Quantinno Capital Management LP lifted its position in shares of Proto Labs by 98.9% during the 1st quarter. Quantinno Capital Management LP now owns 27,716 shares of the industrial products company’s stock valued at $1,580,000 after acquiring an additional 13,781 shares during the period. State of Wyoming bought a new position in Proto Labs in the 2nd quarter valued at $1,334,000. Puzo Michael J bought a new position in shares of Proto Labs in the second quarter worth $8,304,000. Finally, Somerville Kurt F bought a new position in shares of Proto Labs in the second quarter worth approximately $8,344,000. 84.54% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Proto Labs news, Director Sven Wehrwein sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $77.28, for a total transaction of $154,560.00. Following the completion of the sale, the director directly owned 32,505 shares in the company, valued at $2,511,986.40. This represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

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

Proto Labs Stock Performance

PRLB traded down $1.14 on Friday, hitting $78.96. The company had a trading volume of 69,302 shares, compared to its average volume of 194,751. The stock has a fifty day moving average price of $80.46 and a 200-day moving average price of $70.91. Proto Labs, Inc. has a 12-month low of $45.10 and a 12-month high of $93.00. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 63.17 and a beta of 1.40.

Proto Labs (NYSE:PRLB) last released its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.07. The business had revenue of $149.34 million for the quarter, compared to the consensus estimate of $144.53 million. Proto Labs had a net margin of 5.44% and a return on equity of 4.80%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Proto Labs has set its Q3 2026 guidance at 0.560-0.640 EPS. Analysts forecast that Proto Labs, Inc. will post 1.46 EPS for the current fiscal year.

Proto Labs Profile

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.