Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) CFO Heather C. Getz sold 59,848 shares of Butterfly Network stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $0.95, for a total value of $56,855.60. Following the sale, the chief financial officer now directly owns 2,699,469 shares in the company, valued at approximately $2,564,495.55. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Butterfly Network Stock Performance
Shares of BFLY opened at $1.01 on Wednesday. The firm has a market capitalization of $210.21 million, a price-to-earnings ratio of -1.74 and a beta of 2.10. The stock's fifty day moving average is $1.01 and its 200-day moving average is $1.01. Butterfly Network, Inc. has a one year low of $0.67 and a one year high of $2.71.
Butterfly Network (NYSE:BFLY - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.05. The company had revenue of $17.66 million for the quarter, compared to the consensus estimate of $17.13 million. Butterfly Network had a negative net margin of 179.09% and a negative return on equity of 47.83%. During the same period in the previous year, the firm earned ($0.17) EPS. Analysts forecast that Butterfly Network, Inc. will post -0.43 EPS for the current fiscal year.
Institutional Investors Weigh In On Butterfly Network
Crypto Pioneer Says: “The last crypto bull market has begun.”
From InvestorPlace | Ad
Right now, there’s over $6 trillion in potential investment money waiting on the sidelines.
That means this crypto bull market has a lot more room to run before it comes close to being a bubble.
Click here if you’d like to learn more about these five cryptos…
Institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its position in shares of Butterfly Network by 24.1% during the 4th quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company's stock valued at $56,000 after purchasing an additional 10,000 shares during the period. Barclays PLC grew its holdings in Butterfly Network by 20.9% during the third quarter. Barclays PLC now owns 64,386 shares of the company's stock worth $77,000 after acquiring an additional 11,112 shares during the period. Bank of New York Mellon Corp raised its position in Butterfly Network by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 584,338 shares of the company's stock worth $690,000 after acquiring an additional 12,258 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Butterfly Network by 38.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 52,209 shares of the company's stock valued at $56,000 after acquiring an additional 14,426 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Butterfly Network by 3.0% during the 1st quarter. GSA Capital Partners LLP now owns 559,008 shares of the company's stock valued at $604,000 after purchasing an additional 16,496 shares in the last quarter. 37.85% of the stock is currently owned by institutional investors and hedge funds.
Butterfly Network Company Profile
(
Get Free Report)
Butterfly Network, Inc 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+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
