Key Points
- Director Jonathan Rothberg sold 37,598 shares of Butterfly Network at an average price of $3.07 on Dec. 5 for $115,425.86, leaving him with 543,601 shares (a 6.47% reduction, valued at about $1.67M).
- Butterfly Network reported a quarterly EPS of −$0.04, beating estimates by $0.02 with $21.49M in revenue, but remains unprofitable with a negative net margin (~90.31%) and negative ROE (~37.8%); analysts have an average rating of Hold and a consensus price target of $3.00.
- The stock trades near $3.15 with a market cap of about $794M, a 12‑month range of $1.32–$4.98, and 50/200‑day moving averages of $2.46 and $2.08 respectively.
Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) Director Jonathan Rothberg sold 37,598 shares of Butterfly Network stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $3.07, for a total value of $115,425.86. Following the completion of the transaction, the director owned 543,601 shares in the company, valued at approximately $1,668,855.07. This represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Butterfly Network Trading Up 2.8%
BFLY stock opened at $3.15 on Tuesday. The stock has a market capitalization of $794.43 million, a P/E ratio of -9.53 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. The firm has a 50-day moving average price of $2.46 and a 200-day moving average price of $2.08.
Butterfly Network (NYSE:BFLY - Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The company had revenue of $21.49 million for the quarter, compared to analyst estimates of $21.23 million. Butterfly Network had a negative net margin of 90.31% and a negative return on equity of 37.80%. As a group, equities analysts predict that Butterfly Network, Inc. will post -0.35 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BFLY. Ashton Thomas Private Wealth LLC purchased a new position in shares of Butterfly Network in the 2nd quarter worth about $25,000. Ameriprise Financial Inc. purchased a new position in shares of Butterfly Network during the 3rd quarter valued at about $25,000. CTC Alternative Strategies Ltd. purchased a new stake in Butterfly Network during the first quarter valued at about $29,000. Deutsche Bank AG bought a new stake in Butterfly Network in the first quarter valued at approximately $31,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Butterfly Network in the 3rd quarter worth approximately $32,000. 37.85% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on BFLY shares. Wall Street Zen upgraded Butterfly Network from a "sell" rating to a "hold" rating in a research note on Sunday, November 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Butterfly Network in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Butterfly Network presently has an average rating of "Hold" and a consensus price target of $3.00.
Check Out Our Latest 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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