A number of research firms have changed their ratings and price targets for PROCEPT BioRobotics (NASDAQ: PRCT):
- 3/6/2026 – PROCEPT BioRobotics is now covered by Robert W. Baird. They set a “neutral” rating and a $30.00 price target on the stock.
- 3/5/2026 – PROCEPT BioRobotics was upgraded by Robert W. Baird to “hold”.
- 2/28/2026 – PROCEPT BioRobotics was downgraded by Wall Street Zen from “hold” to “sell”.
- 2/27/2026 – PROCEPT BioRobotics had its price target lowered by Truist Financial Corporation from $47.00 to $30.00. They now have a “buy” rating on the stock.
- 2/26/2026 – PROCEPT BioRobotics had its price target lowered by Wells Fargo & Company from $51.00 to $34.00. They now have an “overweight” rating on the stock.
- 2/26/2026 – PROCEPT BioRobotics was downgraded by Jefferies Financial Group Inc. from “strong-buy” to “hold”.
- 2/26/2026 – PROCEPT BioRobotics had its price target lowered by Leerink Partners from $55.00 to $30.00. They now have an “outperform” rating on the stock.
- 2/26/2026 – PROCEPT BioRobotics had its price target lowered by TD Cowen from $50.00 to $34.00. They now have a “buy” rating on the stock.
- 2/26/2026 – PROCEPT BioRobotics had its price target lowered by Piper Sandler from $50.00 to $28.00. They now have an “overweight” rating on the stock.
- 2/26/2026 – PROCEPT BioRobotics had its “market perform” rating reaffirmed by Oppenheimer Holdings, Inc..
- 2/26/2026 – PROCEPT BioRobotics was downgraded by Bank of America Corporation from “neutral” to “underperform”. They now have a $20.00 price target on the stock, down from $38.00.
- 1/22/2026 – PROCEPT BioRobotics had its “sell (e+)” rating reaffirmed by Weiss Ratings.
Insider Activity at PROCEPT BioRobotics
In related news, EVP Kevin Waters sold 6,721 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $23.70, for a total transaction of $159,287.70. Following the completion of the transaction, the executive vice president directly owned 152,264 shares in the company, valued at $3,608,656.80. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Antal Rohit Desai bought 167,246 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was purchased at an average cost of $25.58 per share, with a total value of $4,278,152.68. Following the completion of the transaction, the director owned 167,246 shares in the company, valued at $4,278,152.68. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 426,262 shares of company stock worth $10,483,091 and sold 16,856 shares worth $405,811. 17.40% of the stock is currently owned by company insiders.
The company’s flagship product, the AquaBeam Robotic System, uses a high-velocity waterjet to selectively remove prostate tissue while preserving surrounding healthy structures.
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