Key Points
- Director Jonathan Rothberg sold 44,781 shares on Dec. 23 at an average price of $4.01 for about $179,572, trimming his holding by 3.72% to 1,157,764 shares.
- Butterfly Network shares opened at $3.79 (down ~1.7%), trading in a 52-week range of $1.32–$4.98 with a market cap near $956 million and a beta of 2.34.
- The company reported a ($0.04) quarterly EPS beat and $21.49M revenue but has a roughly 90% negative net margin; analysts' consensus is a "Hold" with a $3.00 price target and expected -$0.35 EPS for the year.
Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) Director Jonathan Rothberg sold 2,673 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $4.00, for a total transaction of $10,692.00. Following the transaction, the director owned 1,155,091 shares in the company, valued at approximately $4,620,364. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Butterfly Network Trading Down 1.7%
NYSE BFLY opened at $3.79 on Tuesday. Butterfly Network, Inc. has a 1-year low of $1.32 and a 1-year high of $4.98. The company has a 50 day moving average of $2.82 and a 200-day moving average of $2.19. The company has a market cap of $956.09 million, a price-to-earnings ratio of -11.47 and a beta of 2.34.
Butterfly Network (NYSE:BFLY - Get Free Report) last issued its quarterly earnings results on Friday, October 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. Butterfly Network had a negative return on equity of 37.80% and a negative net margin of 90.31%.The business had revenue of $21.49 million for the quarter, compared to the consensus estimate of $21.23 million. On average, equities research analysts forecast that Butterfly Network, Inc. will post -0.35 earnings per share for the current year.
Institutional Trading of Butterfly Network
Several large investors have recently bought and sold shares of BFLY. Vanguard Group Inc. grew its position in Butterfly Network by 4.3% in the third quarter. Vanguard Group Inc. now owns 11,040,080 shares of the company's stock valued at $21,307,000 after acquiring an additional 453,258 shares during the last quarter. First Light Asset Management LLC boosted its stake in shares of Butterfly Network by 37.8% in the 1st quarter. First Light Asset Management LLC now owns 5,505,649 shares of the company's stock valued at $12,553,000 after purchasing an additional 1,511,029 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of Butterfly Network by 3.6% during the 2nd quarter. Hood River Capital Management LLC now owns 5,127,383 shares of the company's stock valued at $10,255,000 after purchasing an additional 176,515 shares during the last quarter. Geode Capital Management LLC increased its position in Butterfly Network by 114.7% during the 2nd 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 lifted its stake in Butterfly Network by 44.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,313,316 shares of the company's stock valued at $4,624,000 after purchasing an additional 714,764 shares during the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BFLY has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Butterfly Network in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Butterfly Network from a "sell" rating to a "hold" rating in a report on Sunday, November 23rd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $3.00.
Read Our Latest Report on BFLY
Butterfly Network Company Profile
(
Get Free Report)
Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company's flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.
Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.
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