Raymond James Financial Services Advisors Inc. Purchases 17,083 Shares of Butterfly Network, Inc. (NYSE:BFLY)

Raymond James Financial Services Advisors Inc. increased its position in Butterfly Network, Inc. (NYSE:BFLY) by 13.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 141,983 shares of the company’s stock after acquiring an additional 17,083 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Butterfly Network were worth $153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BFLY. Capital Investment Advisors LLC raised its stake in shares of Butterfly Network by 24.1% during the fourth quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock worth $56,000 after buying an additional 10,000 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of Butterfly Network by 162.9% in the 3rd quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock valued at $62,000 after purchasing an additional 32,733 shares during the period. Barclays PLC boosted its position in shares of Butterfly Network by 20.9% in the 3rd quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after purchasing an additional 11,112 shares during the last quarter. Levin Capital Strategies L.P. grew its stake in shares of Butterfly Network by 200.0% during the third quarter. Levin Capital Strategies L.P. now owns 75,000 shares of the company’s stock worth $88,000 after purchasing an additional 50,000 shares during the period. Finally, Green Alpha Advisors LLC increased its holdings in Butterfly Network by 203.3% in 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 during the last quarter. 37.85% of the stock is owned by institutional investors.

Butterfly Network Stock Performance

NYSE:BFLY opened at $0.71 on Friday. The firm has a market capitalization of $146.88 million, a price-to-earnings ratio of -1.09 and a beta of 2.04. Butterfly Network, Inc. has a 1-year low of $0.67 and a 1-year high of $2.71. The business’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $1.01.

Butterfly Network (NYSE:BFLY) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The firm had revenue of $16.52 million for the quarter, compared to the consensus estimate of $15.98 million. Butterfly Network had a negative return on equity of 50.87% and a negative net margin of 202.88%. Sell-side analysts predict that Butterfly Network, Inc. will post -0.45 earnings per share for the current year.

Butterfly Network 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.