CEO Robert Bodor buys 3,480 shares of Proto Labs at $28.68 on 2024-09-06, increasing holdings to 80,878 shares
Robert Bodor, President and CEO of Proto Labs, purchased 3,480 shares at $28.68 on 2024-09-06, growing his stake from 77,398 to 80,878 shares. The purchase occurred when the stock was trading 30.5% below its 52-week high of $40.20 and down 11.9% over the prior 90 days, representing an open-market acquisition by the chief executive. At a market cap of $702.6M and P/E of 28.51, the company is trading at a substantial valuation multiple; the latest quarter showed revenue of $125.6M with net income of $4.5M and annual revenue growth of only 3.2%. This purchase by the CEO provides a direct counterpoint to the stock's recent downward momentum, though the modest 4.5% increase to his holdings and the company's modest growth rate warrant monitoring of underlying operational trends.