Sumitomo Mitsui Trust Holdings Inc. Has $997,000 Holdings in Butterfly Network, Inc. (NYSE:BFLY)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Butterfly Network, Inc. (NYSE:BFLY) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 923,157 shares of the company’s stock after selling 19,749 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Butterfly Network were worth $997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC lifted its holdings in shares of Butterfly Network by 24.1% during the 4th quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock worth $56,000 after acquiring an additional 10,000 shares during the period. Pathstone Family Office LLC lifted its stake in Butterfly Network by 162.9% during the third quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock worth $62,000 after purchasing an additional 32,733 shares during the last quarter. Barclays PLC lifted its stake in Butterfly Network by 20.9% during the third 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. Quent Capital LLC boosted its holdings in shares of Butterfly Network by 37.7% in the 4th quarter. Quent Capital LLC now owns 73,000 shares of the company’s stock valued at $79,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its stake in shares of 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 purchasing an additional 50,000 shares during the last quarter. 37.85% of the stock is owned by institutional investors.

Butterfly Network Stock Performance

Butterfly Network stock opened at $0.71 on Friday. Butterfly Network, Inc. has a 52 week low of $0.67 and a 52 week high of $2.71. The stock has a market capitalization of $146.88 million, a P/E ratio of -1.09 and a beta of 2.04. The stock has a fifty day moving average of $1.04 and a 200-day moving average of $1.01.

Butterfly Network (NYSE:BFLY) last issued its earnings results on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09). Butterfly Network had a negative return on equity of 50.87% and a negative net margin of 202.88%. The business had revenue of $16.52 million for the quarter, compared to analyst estimates of $15.98 million. On average, research analysts forecast 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.