PROCEPT BioRobotics Co. (NASDAQ:PRCT - Get Free Report) Director Thomas M. Krummel sold 20,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $60.00, for a total value of $1,200,000.00. Following the completion of the sale, the director now owns 45,631 shares of the company's stock, valued at approximately $2,737,860. The sale was disclosed in a filing with the SEC, which is accessible through this link.
PROCEPT BioRobotics Stock Down 4.5 %
Shares of NASDAQ PRCT opened at $61.43 on Tuesday. PROCEPT BioRobotics Co. has a 1 year low of $24.83 and a 1 year high of $65.00. The firm has a 50-day simple moving average of $50.51 and a two-hundred day simple moving average of $44.06. The company has a market cap of $3.16 billion, a P/E ratio of -28.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 8.52 and a quick ratio of 7.44.
PROCEPT BioRobotics (NASDAQ:PRCT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.55) by $0.04. The firm had revenue of $44.50 million during the quarter, compared to analyst estimates of $41.58 million. PROCEPT BioRobotics had a negative return on equity of 41.35% and a negative net margin of 66.12%. PROCEPT BioRobotics's quarterly revenue was up 82.4% compared to the same quarter last year. During the same period last year, the company earned ($0.63) EPS. Research analysts anticipate that PROCEPT BioRobotics Co. will post -1.96 earnings per share for the current year.
Institutional Trading of PROCEPT BioRobotics
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Large investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in PROCEPT BioRobotics by 13.0% during the 3rd quarter. FMR LLC now owns 7,553,460 shares of the company's stock valued at $247,829,000 after buying an additional 870,364 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of PROCEPT BioRobotics during the third quarter worth approximately $26,404,000. Loomis Sayles & Co. L P raised its stake in shares of PROCEPT BioRobotics by 89.8% during the third quarter. Loomis Sayles & Co. L P now owns 1,345,454 shares of the company's stock valued at $44,144,000 after acquiring an additional 636,750 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PROCEPT BioRobotics by 10.4% during the third quarter. Vanguard Group Inc. now owns 4,074,891 shares of the company's stock valued at $133,697,000 after acquiring an additional 385,271 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in shares of PROCEPT BioRobotics in the fourth quarter valued at approximately $15,533,000. 89.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on PRCT shares. TD Cowen upped their price target on shares of PROCEPT BioRobotics from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company increased their price target on shares of PROCEPT BioRobotics from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Tuesday, January 9th. Truist Financial boosted their price objective on PROCEPT BioRobotics from $63.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Finally, Piper Sandler lifted their target price on PROCEPT BioRobotics from $67.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $61.20.
Read Our Latest Stock Report on PROCEPT BioRobotics
PROCEPT BioRobotics Company Profile
(
Get Free Report)
PROCEPT BioRobotics Corporation, a surgical robotics company, focuses on developing transformative solutions in urology in the United States and internationally. The company develops, manufactures, and sells AquaBeam Robotic System, an image-guided, surgical robotic system for use in minimally invasive urologic surgery with a focus on treating benign prostatic hyperplasia (BPH).
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