M&G Plc bought a new stake in shares of PROCEPT BioRobotics Co. (NASDAQ:PRCT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 139,462 shares of the company’s stock, valued at approximately $8,507,000. M&G Plc owned approximately 0.27% of PROCEPT BioRobotics at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in PRCT. Contravisory Investment Management Inc. acquired a new position in PROCEPT BioRobotics in the second quarter worth approximately $311,000. Castleark Management LLC acquired a new position in PROCEPT BioRobotics during the first quarter worth $2,841,000. Bellevue Group AG lifted its position in shares of PROCEPT BioRobotics by 0.5% in the first quarter. Bellevue Group AG now owns 890,114 shares of the company’s stock worth $43,989,000 after buying an additional 4,768 shares during the last quarter. Evolutionary Tree Capital Management LLC boosted its stake in shares of PROCEPT BioRobotics by 1.6% during the 1st quarter. Evolutionary Tree Capital Management LLC now owns 49,887 shares of the company’s stock worth $2,465,000 after acquiring an additional 781 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of PROCEPT BioRobotics by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,246,749 shares of the company’s stock valued at $209,874,000 after acquiring an additional 62,164 shares in the last quarter. Institutional investors and hedge funds own 89.46% of the company’s stock.
Insider Buying and Selling
In other PROCEPT BioRobotics news, EVP Hisham Shiblaq sold 26,046 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $68.24, for a total value of $1,777,379.04. Following the sale, the executive vice president now directly owns 55,860 shares in the company, valued at $3,811,886.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Hisham Shiblaq sold 26,046 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $68.24, for a total value of $1,777,379.04. Following the transaction, the executive vice president now directly owns 55,860 shares of the company’s stock, valued at approximately $3,811,886.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alaleh Nouri sold 10,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $62.18, for a total value of $621,800.00. Following the sale, the executive vice president now owns 52,472 shares in the company, valued at $3,262,708.96. The disclosure for this sale can be found here. 17.40% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on PRCT
PROCEPT BioRobotics Price Performance
Shares of NASDAQ:PRCT traded up $1.27 during midday trading on Tuesday, reaching $64.60. 423,601 shares of the company’s stock were exchanged, compared to its average volume of 565,543. The company has a debt-to-equity ratio of 0.20, a quick ratio of 7.44 and a current ratio of 7.51. The company’s 50 day simple moving average is $63.95 and its two-hundred day simple moving average is $57.11. PROCEPT BioRobotics Co. has a 12 month low of $24.83 and a 12 month high of $77.00. The firm has a market capitalization of $3.35 billion, a PE ratio of -30.36 and a beta of 1.00.
PROCEPT BioRobotics (NASDAQ:PRCT – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.50) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.52) by $0.02. The firm had revenue of $53.35 million during the quarter, compared to analyst estimates of $50.10 million. PROCEPT BioRobotics had a negative net margin of 58.73% and a negative return on equity of 37.85%. The company’s quarterly revenue was up 61.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.56) earnings per share. Equities research analysts expect that PROCEPT BioRobotics Co. will post -1.88 earnings per share for the current fiscal year.
PROCEPT BioRobotics Profile
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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