A Director at Proto Labs is Exercising Options

By Carrie Williams

Today, a Director at Proto Labs, Rainer Gawlick, exercised options of Proto Labs for $27.8K.

Following this transaction Rainer Gawlick’s holding in the company was increased by 92.17% to a total of $1.02 million. Following Rainer Gawlick’s last PRLB Buy transaction on May 22, 2017, the stock climbed by 33.4%.

Based on Proto Labs’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $88.11 million and quarterly net profit of $13.22 million. In comparison, last year the company earned revenue of $78.17 million and had a net profit of $11.98 million. The company has a one-year high of $98.55 and a one-year low of $48. PRLB’s market cap is $2.6B and the company has a P/E ratio of 55.8.

Six different firms, including B.Riley FBR and Canaccord Genuity, currently also have a Buy rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $85, reflecting a 14.0% upside.

In the last 30 days, insiders have sold $1.25M worth of PRLB shares and purchased $27.8K worth of PRLB shares. The insider sentiment on Proto Labs has been negative according to 25 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Rainer Gawlick’s trades have generated a -27.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Proto Labs, Inc. engages in the provision of rapid 3D printing, computer numerical control machining, and injection molding technologies for production. It also engages in the research and development of accelerated manufacturing process. The company was founded by Lawrence J. Lukis and Gregg Bloom on May 5, 1999 and is headquartered in Maple Plain, MN.