Butterfly Network, Inc. (NYSE:BFLY) Stake Lessened by Raymond James & Associates

Raymond James & Associates lessened its holdings in Butterfly Network, Inc. (NYSE:BFLY) by 18.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 760,301 shares of the company’s stock after selling 177,748 shares during the period. Raymond James & Associates’ holdings in Butterfly Network were worth $821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position in Butterfly Network by 731.9% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 329,529 shares of the company’s stock worth $389,000 after acquiring an additional 289,916 shares during the period. Centric Wealth Management acquired a new stake in shares of Butterfly Network during the third quarter worth approximately $237,000. SG Americas Securities LLC boosted its holdings in shares of Butterfly Network by 742.2% during the third quarter. SG Americas Securities LLC now owns 149,420 shares of the company’s stock worth $176,000 after purchasing an additional 131,678 shares during the period. Green Alpha Advisors LLC grew its position in Butterfly Network by 203.3% during the fourth quarter. Green Alpha Advisors LLC now owns 162,448 shares of the company’s stock valued at $175,000 after purchasing an additional 108,892 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in Butterfly Network by 200.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 75,000 shares of the company’s stock valued at $88,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Down 5.8 %

Shares of NYSE:BFLY opened at $0.72 on Tuesday. Butterfly Network, Inc. has a 12-month low of $0.72 and a 12-month high of $2.71. The firm has a market capitalization of $149.86 million, a P/E ratio of -1.11 and a beta of 2.04. The firm has a fifty day moving average of $1.05 and a two-hundred day moving average of $1.02.

Butterfly Network (NYSE:BFLY) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share (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 firm had revenue of $16.52 million for the quarter, compared to analyst estimates of $15.98 million. Equities research analysts expect that Butterfly Network, Inc. will post -0.45 earnings per share for the current fiscal 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.