Heather C. Getz Sells 59,848 Shares of Butterfly Network, Inc. (NYSE:BFLY) Stock

Butterfly Network, Inc. (NYSE:BFLY) CFO Heather C. Getz sold 59,848 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $0.95, for a total value of $56,855.60. Following the completion of the transaction, the chief financial officer now directly owns 2,699,469 shares in the company, valued at approximately $2,564,495.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Butterfly Network Trading Down 4.6 %

Butterfly Network stock opened at $0.96 on Thursday. Butterfly Network, Inc. has a 12-month low of $0.67 and a 12-month high of $2.71. The firm has a market capitalization of $200.60 million, a price-to-earnings ratio of -1.66 and a beta of 2.10. The firm has a 50 day moving average of $1.00 and a 200 day moving average of $1.01.

Butterfly Network (NYSE:BFLY) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. Butterfly Network had a negative net margin of 179.09% and a negative return on equity of 47.83%. The business had revenue of $17.66 million for the quarter, compared to the consensus estimate of $17.13 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. On average, analysts predict that Butterfly Network, Inc. will post -0.43 EPS for the current year.

Hedge Funds Weigh In On Butterfly Network

Several large investors have recently added to or reduced their stakes in BFLY. Private Advisor Group LLC purchased a new position in shares of Butterfly Network in the fourth quarter worth $28,000. Capital Investment Advisors LLC lifted its holdings in shares of Butterfly Network by 24.1% in 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 in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Butterfly Network by 38.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 52,209 shares of the company’s stock worth $56,000 after buying an additional 14,426 shares in the last quarter. Pathstone Family Office LLC lifted its holdings in shares of Butterfly Network by 162.9% in the third quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock worth $62,000 after buying an additional 32,733 shares in the last quarter. Finally, Barclays PLC lifted its holdings 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 buying an additional 11,112 shares in the last quarter. Hedge funds and other institutional investors own 37.85% of the company’s stock.

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.