Cetera Investment Advisers increased its position in Butterfly Network, Inc. (NYSE:BFLY – Get Rating) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 924,920 shares of the company's stock after purchasing an additional 15,500 shares during the quarter. Cetera Investment Advisers owned 0.47% of Butterfly Network worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Baldwin Brothers LLC MA raised its holdings in Butterfly Network by 500.0% in the first quarter. Baldwin Brothers LLC MA now owns 6,000 shares of the company's stock valued at $29,000 after acquiring an additional 5,000 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Butterfly Network in the fourth quarter valued at $44,000. Clearstead Advisors LLC raised its holdings in Butterfly Network by 448.0% in the fourth quarter. Clearstead Advisors LLC now owns 9,590 shares of the company's stock valued at $64,000 after acquiring an additional 7,840 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Butterfly Network in the first quarter valued at $65,000. Finally, Daiwa Securities Group Inc. raised its holdings in Butterfly Network by 45.7% in the first quarter. Daiwa Securities Group Inc. now owns 17,387 shares of the company's stock valued at $83,000 after acquiring an additional 5,457 shares in the last quarter. 49.29% of the stock is currently owned by hedge funds and other institutional investors.
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Insider Buying and Selling at Butterfly Network
In other news, insider Darius Shahida sold 16,069 shares of the company's stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $3.18, for a total transaction of $51,099.42. Following the completion of the transaction, the insider now directly owns 676,932 shares of the company's stock, valued at $2,152,643.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.11% of the stock is currently owned by insiders.
Butterfly Network Price Performance
BFLY opened at $6.28 on Friday. The stock has a market capitalization of $1.25 billion, a PE ratio of -11.42 and a beta of 1.96. The firm's fifty day moving average price is $5.75 and its 200 day moving average price is $4.20. Butterfly Network, Inc. has a 12-month low of $2.31 and a 12-month high of $13.18.
Butterfly Network (NYSE:BFLY – Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.09. Butterfly Network had a negative net margin of 159.44% and a negative return on equity of 25.69%. The company had revenue of $19.22 million for the quarter. During the same period last year, the company posted ($0.19) earnings per share. On average, equities research analysts forecast that Butterfly Network, Inc. will post -0.89 earnings per share for the current fiscal year.
Butterfly Network Company Profile
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Butterfly Network, Inc, a digital health company, develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure.
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