Russell Investments Group Ltd. Takes Position in Butterfly Network, Inc. (NYSE:BFLY)

Russell Investments Group Ltd. bought a new position in shares of Butterfly Network, Inc. (NYSE:BFLY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 349,336 shares of the company’s stock, valued at approximately $1,090,000. Russell Investments Group Ltd. owned 0.16% of Butterfly Network as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Butterfly Network in the 4th quarter valued at $34,000. Verdence Capital Advisors LLC purchased a new stake in shares of Butterfly Network during the 4th quarter worth about $41,000. HBK Sorce Advisory LLC acquired a new stake in shares of Butterfly Network during the 4th quarter valued at about $45,000. SG Americas Securities LLC purchased a new position in shares of Butterfly Network in the 4th quarter valued at about $46,000. Finally, Sound View Wealth Advisors Group LLC increased its stake in shares of Butterfly Network by 18.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 16,000 shares of the company’s stock valued at $50,000 after purchasing an additional 2,500 shares in the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on Butterfly Network in a report on Monday, March 17th. They issued an “outperform” rating on the stock.

Butterfly Network Stock Down 3.0 %

BFLY opened at $2.27 on Tuesday. The company has a market cap of $551.44 million, a price-to-earnings ratio of -4.93 and a beta of 2.60. The firm’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $3.04. Butterfly Network, Inc. has a 52-week low of $0.67 and a 52-week high of $4.98.

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.