Daiwa Securities Group Inc. Grows Stock Holdings in Butterfly Network, Inc. (NYSE:BFLY)

Daiwa Securities Group Inc. grew its holdings in shares of Butterfly Network, Inc. (NYSE:BFLY) by 38.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,209 shares of the company’s stock after purchasing an additional 14,426 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Butterfly Network were worth $56,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Capital Investment Advisors LLC boosted its stake in Butterfly Network by 24.1% in the 4th 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 holdings in shares of Butterfly Network by 162.9% during the 3rd quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock worth $62,000 after acquiring an additional 32,733 shares during the period. Barclays PLC boosted its position in shares of Butterfly Network by 20.9% in the third quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after acquiring an additional 11,112 shares during the last quarter. Quent Capital LLC grew its holdings in Butterfly Network by 37.7% in the fourth 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 during the period. Finally, Levin Capital Strategies L.P. increased its position in 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 last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

Butterfly Network Stock Up 10.5 %

Shares of BFLY opened at $0.78 on Monday. The firm has a market cap of $162.09 million, a PE ratio of -1.20 and a beta of 2.04. The company’s fifty day moving average is $1.03 and its two-hundred day moving average is $1.01. Butterfly Network, Inc. has a fifty-two week low of $0.67 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The firm had revenue of $16.52 million during the quarter, compared to analyst estimates of $15.98 million. Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. As a group, equities research analysts anticipate 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.