Butterfly Network, Inc. (NYSE:BFLY) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in Butterfly Network, Inc. (NYSE:BFLY) by 48.3% during the fourth quarter, HoldingsChannel reports. The fund owned 77,308 shares of the company’s stock after selling 72,112 shares during the period. SG Americas Securities LLC’s holdings in Butterfly Network were worth $83,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC acquired a new stake in Butterfly Network during the third quarter worth approximately $48,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Butterfly Network in the 4th quarter valued at $26,000. Tower Research Capital LLC TRC boosted its holdings in shares of Butterfly Network by 177.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,466 shares of the company’s stock valued at $49,000 after purchasing an additional 6,689 shares during the last quarter. Creative Planning acquired a new position in shares of Butterfly Network in the 2nd quarter valued at $33,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Butterfly Network in the 1st quarter valued at $65,000. 37.85% of the stock is currently owned by institutional investors and hedge funds.

Butterfly Network Stock Down 6.8 %

Shares of BFLY opened at $0.76 on Friday. The firm has a market cap of $159.14 million, a PE ratio of -1.18 and a beta of 2.04. The company’s fifty day moving average is $1.06 and its two-hundred day moving average is $1.02. Butterfly Network, Inc. has a fifty-two week low of $0.75 and a fifty-two week high of $2.71.

Butterfly Network (NYSE:BFLY) last issued its earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. The business had revenue of $16.52 million during the quarter, compared to analysts’ expectations of $15.98 million. As a group, equities research analysts anticipate that Butterfly Network, Inc. will post -0.45 earnings per share for the current year.

Butterfly Network Company Profile

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.