Billionaire Stanley Druckenmiller is Decreasing Stakes in These 5 Stocks

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1. PROCEPT BioRobotics Corporation (NASDAQ:PRCT)

Number of Hedge Fund Holders: 12  

Percentage Decrease in Stake During Q2 2022: 97%   

PROCEPT BioRobotics Corporation (NASDAQ:PRCT) is a surgical robotics firm. Securities filings show that Duquesne Capital owned 39,266 shares of PROCEPT BioRobotics Corporation (NASDAQ:PRCT) at the end of June 2022 worth $1.2 million, representing close to 0.09% of the portfolio. 

On September 2, Wells Fargo analyst Nathan Treybeck initiated coverage of PROCEPT BioRobotics Corporation (NASDAQ:PRCT) stock with an Overweight rating and a price target of $49, noting that the AquaBeam product of the firm had demonstrated efficacy that is comparable or better than other restrictive surgical procedures. 

Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in PROCEPT BioRobotics Corporation (NASDAQ:PRCT), with 1.5 million shares worth more than $50 million.  

You can also take a peek at 10 Penny Stocks Redditors are Buying in August and 10 Best Nickel Stocks to Buy Now.

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