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):
Get Butterfly Network alerts:- 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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