Key Points
- Director Jonathan Rothberg sold 132,570 shares on Nov. 28 at an average of $3.08 for $408,315.60, leaving him with 512,827 shares (a 20.54% reduction); the transaction was disclosed in an SEC filing.
- Butterfly Network reported Q3 EPS of ($0.04), beating the ($0.06) consensus, and revenue of $21.49M versus $21.23M, but still showed a very weak profitability profile with a negative net margin of 90.31% and negative ROE of 37.8%.
- Shares opened at $2.74 (50‑day/200‑day averages $2.38/$2.06) with a market cap of ~$690.9M and a 12‑month range of $1.32–$4.98; institutional investors own ~37.9% and analysts' consensus is a "Hold" with an average $3.00 price target.
Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) Director Jonathan Rothberg sold 132,570 shares of the stock in a transaction on Friday, November 28th. The stock was sold at an average price of $3.08, for a total value of $408,315.60. Following the transaction, the director directly owned 512,827 shares in the company, valued at $1,579,507.16. The trade was a 20.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Butterfly Network Trading Down 2.3%
Shares of Butterfly Network stock opened at $2.74 on Wednesday. The stock's fifty day moving average price is $2.38 and its 200-day moving average price is $2.06. The firm has a market cap of $690.86 million, a P/E ratio of -8.29 and a beta of 2.34. Butterfly Network, Inc. has a 12 month low of $1.32 and a 12 month high of $4.98.
Butterfly Network (NYSE:BFLY - Get Free Report) last issued its earnings results on Friday, October 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The company had revenue of $21.49 million for the quarter, compared to analysts' expectations of $21.23 million. Butterfly Network had a negative net margin of 90.31% and a negative return on equity of 37.80%. Analysts forecast that Butterfly Network, Inc. will post -0.35 earnings per share for the current year.
Institutional Trading of Butterfly Network
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Butterfly Network by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,040,080 shares of the company's stock worth $21,307,000 after acquiring an additional 453,258 shares in the last quarter. First Light Asset Management LLC boosted its stake in Butterfly Network by 37.8% in the first quarter. First Light Asset Management LLC now owns 5,505,649 shares of the company's stock valued at $12,553,000 after acquiring an additional 1,511,029 shares in the last quarter. Hood River Capital Management LLC grew its holdings in Butterfly Network by 3.6% in the second quarter. Hood River Capital Management LLC now owns 5,127,383 shares of the company's stock worth $10,255,000 after purchasing an additional 176,515 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Butterfly Network by 114.7% during the second quarter. Geode Capital Management LLC now owns 4,339,362 shares of the company's stock worth $8,680,000 after purchasing an additional 2,317,882 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Butterfly Network by 44.7% during the second quarter. Acadian Asset Management LLC now owns 2,313,316 shares of the company's stock worth $4,624,000 after purchasing an additional 714,764 shares in the last quarter. 37.85% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
BFLY has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Butterfly Network from a "sell" rating to a "hold" rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Butterfly Network in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.00.
Read Our Latest Stock Report on BFLY
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.
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