In a filing, Procept BioRobotics Corp revealed its Director Desai Antal Rohit unloaded Company’s shares for reported $2.73 million on Sep 04 ’24. In the deal valued at $75.42 per share,36,212 shares were sold. As a result of this transaction, Desai Antal Rohit now holds 330,823 shares worth roughly $25.45 million.
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Then, Desai Antal Rohit sold 35,220 shares, generating $2,680,811 in total proceeds. Upon selling the shares at $76.12, the Director now owns 23,963 shares.
Before that, Desai Antal Rohit sold 17,420 shares. Procept BioRobotics Corp shares valued at $1,313,876 were divested by the Director at a price of $75.42 per share. As a result of the transaction, Desai Antal Rohit now holds 6,543 shares, worth roughly $0.5 million.
Piper Sandler initiated its Procept BioRobotics Corp [PRCT] rating to an Overweight in a research note published on August 11, 2023; the price target was $42. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. BTIG Research began covering PRCT with “Neutral” recommendation on October 31, 2022. Truist started covering the stock on October 25, 2022. It rated PRCT as “a Buy”.
Price Performance Review of PRCT
On Tuesday, Procept BioRobotics Corp [NASDAQ:PRCT] saw its stock jump 0.30% to $76.94. Over the last five days, the stock has gained 2.50%. Procept BioRobotics Corp shares have risen nearly 83.58% since the year began. Nevertheless, the stocks have risen 131.47% over the past one year. While a 52-week high of $85.81 was reached on 08/21/24, a 52-week low of $24.83 was recorded on 01/05/24. SMA at 50 days reached $68.33, while 200 days put it at $55.48.
Levels Of Support And Resistance For PRCT Stock
The 24-hour chart illustrates a support level at 75.78, which if violated will result in even more drops to 74.63. On the upside, there is a resistance level at 77.53. A further resistance level may holdings at 78.13. The Relative Strength Index (RSI) on the 14-day chart is 59.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.10%. Stochastics %K at 53.14% indicates the stock is a holding.
How much short interest is there in Procept BioRobotics Corp?
A steep rise in short interest was recorded in Procept BioRobotics Corp stocks on 2024-08-15, growing by 0.2 million shares to a total of 5.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.47 million shares. There was a rise of 3.61%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 02, 2022 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $49 price target.
