Butterfly Network, Inc. (NYSE:BFLY – Get Rating) insider Darius Shahida sold 20,139 shares of the stock in a transaction on Monday, September 19th. The shares were sold at an average price of $5.49, for a total transaction of $110,563.11. Following the completion of the transaction, the insider now directly owns 656,793 shares in the company, valued at $3,605,793.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Darius Shahida also recently made the following trade(s):
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- On Tuesday, June 21st, Darius Shahida sold 16,069 shares of Butterfly Network stock. The shares were sold at an average price of $3.18, for a total transaction of $51,099.42.
Butterfly Network Stock Performance
Shares of Butterfly Network stock opened at $5.53 on Tuesday. Butterfly Network, Inc. has a 1 year low of $2.31 and a 1 year high of $12.29. The company has a market capitalization of $1.10 billion, a P/E ratio of -10.05 and a beta of 1.96. The company's fifty day moving average is $6.05 and its two-hundred day moving average is $4.38.
Butterfly Network (NYSE:BFLY – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business posted ($0.19) earnings per share. As a group, equities analysts expect that Butterfly Network, Inc. will post -0.89 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blueshift Asset Management LLC purchased a new position in Butterfly Network during the 1st quarter worth $264,000. Game Plan Financial Advisors LLC lifted its stake in shares of Butterfly Network by 92.3% in the 1st quarter. Game Plan Financial Advisors LLC now owns 20,000 shares of the company's stock worth $95,000 after acquiring an additional 9,600 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Butterfly Network in the 4th quarter worth $100,000. Procyon Advisors LLC lifted its stake in shares of Butterfly Network by 382.4% in the 1st quarter. Procyon Advisors LLC now owns 81,502 shares of the company's stock worth $388,000 after acquiring an additional 64,607 shares during the period. Finally, Clearstead Advisors LLC lifted its stake in shares of Butterfly Network by 448.0% in the 4th quarter. Clearstead Advisors LLC now owns 9,590 shares of the company's stock worth $64,000 after acquiring an additional 7,840 shares during the period. 49.29% of the stock is owned by hedge funds and other institutional investors.
About Butterfly Network
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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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