5 Healthcare Stocks to Invest In Today According to Stanley Druckenmiller

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1. PROCEPT BioRobotics Corporation (NASDAQ:PRCT)

Duquesne Family Office’s Stake Value: $41 million

Percentage of Duquesne Family Office’s 13F Portfolio: 1.5%

Number of Hedge Fund Holders: 17

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is an American surgical robotics company headquartered in Redwood City, California. It develops and sells an image guided surgical robotic system that aids surgeons during urethra surgery.

Duquesne Capital owned 1.6 million PROCEPT BioRobotics Corporation (NASDAQ:PRCT) shares as the fourth quarter of 2021 came to an end. These were worth $41 million and represented its largest healthcare holding. A Q4 2021 924 hedge fund survey conducted by Insider Monkey revealed that 17 had bought the company’s shares.

By the end of its fiscal fourth quarter, PROCEPT BioRobotics Corporation (NASDAQ:PRCT) reported $10 million in revenue and -$0.42 in GAAP EPS, beating analyst revenue estimates but missing them for EPS. Guggenheim lowered its price target to $40 from $55 in March 2022, stating that the reduction is due to multiple compression.

PROCEPT BioRobotics Corporation (NASDAQ:PRCT)’s largest shareholder is Andreas Halvorsen’s Viking Global which owns 4.9 million shares worth $122 million.

Disclosure: None. You can also take a look at 10 Best Growth Stocks Under $10 and 12 Best Large-cap Biotech Stocks To Buy Now.

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