In this article, we discuss Cathie Wood’s top 5 small-cap stock picks. If you want our detailed analysis of these stocks, go directly to Cathie Wood’s Top 15 Small-Cap Stock Picks.
5. Proto Labs, Inc. (NYSE:PRLB)
ARK Investment Management’s Stake Value: $278,212,000
Percentage of ARK Investment Management’s 13F Portfolio: 0.51%
Market Cap: $1.966 billion
Number of Hedge Fund Holders: 19
Proto Labs, Inc. (NYSE:PRLB) is a Minnesota-based company that manufactures 3D printed, CNC-machined, and injection-molded custom parts for prototyping in medical devices, electronics, appliances, automotives, and consumer products. Proto Labs, Inc. (NYSE:PRLB) has manufacturing plants in Germany, England, and Japan. Proto Labs, Inc. (NYSE:PRLB) ranks fifth on our extensive list of Cathie Wood’s top 15 small-cap stock picks.
Wood’s ARK Investment Management owns 3.03 million shares in Proto Labs, Inc. (NYSE:PRLB), worth $278.2 million, representing 0.51% of Wood’s 13F portfolio.
Proto Labs, Inc. (NYSE:PRLB) announced earnings for the second quarter on July 29. The company reported earnings per share of $0.39, missing estimated EPS by -$0.05. The revenue for Proto Labs, Inc. (NYSE:PRLB) was $123.05 million, which exceeded analysts’ estimates by $0.83 million.
Out of the hedge funds tracked by Insider Monkey, 19 funds were bullish on Proto Labs, Inc. (NYSE:PRLB) at the end of June, up from 18 in the previous quarter. ARK Investment Management is the largest stakeholder in Proto Labs, Inc. (NYSE:PRLB).
“Shares of Protolabs, a provider of 3D printing and other rapid prototyping and mold machining services for manufacturing, extended their strong performance from last year and soared early in January after the company announced its intention to acquire another on-demand digital manufacturing platform. We took advantage of their runup to sell our position.”