Procyon Advisors LLC cut its holdings in Butterfly Network, Inc. (NYSE:BFLY – Get Rating) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,702 shares of the company's stock after selling 2,800 shares during the period. Procyon Advisors LLC's holdings in Butterfly Network were worth $242,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Baldwin Brothers LLC MA boosted its holdings in Butterfly Network by 500.0% during 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 during the period. Itau Unibanco Holding S.A. bought a new stake in Butterfly Network during the fourth quarter valued at about $44,000. Chicago Partners Investment Group LLC boosted its holdings in Butterfly Network by 28.5% during the first quarter. Chicago Partners Investment Group LLC now owns 18,912 shares of the company's stock valued at $57,000 after acquiring an additional 4,200 shares during the period. Clearstead Advisors LLC boosted its holdings in Butterfly Network by 448.0% during 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 during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Butterfly Network during the first quarter valued at about $65,000. 49.29% of the stock is currently owned by institutional investors.
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Butterfly Network Stock Performance
BFLY stock opened at $5.53 on Tuesday. Butterfly Network, Inc. has a 52-week low of $2.31 and a 52-week high of $12.29. The company has a 50-day moving average of $6.05 and a two-hundred day moving average of $4.38.
Butterfly Network (NYSE:BFLY – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.09. The company had revenue of $19.22 million during the quarter. Butterfly Network had a negative net
margin of 159.44% and a negative return on equity of 25.69%. During the same quarter last year, the company earned ($0.19) earnings per share. Equities analysts anticipate that Butterfly Network, Inc. will post -0.89 EPS for the current fiscal year.
Insider Activity
In other news, insider Darius Shahida sold 20,139 shares of the company's stock in a transaction dated 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 owns 656,793 shares of the company's stock, valued at $3,605,793.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 28.36% of the stock is owned by company insiders.
Butterfly Network 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.
Further Reading
- Get a free copy of the StockNews.com research report on Butterfly Network (BFLY)
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