XTX Topco Ltd Has $185,000 Position in Butterfly Network, Inc. (NYSE:BFLY)

XTX Topco Ltd lowered its position in shares of Butterfly Network, Inc. (NYSE:BFLY) by 38.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,353 shares of the company’s stock after selling 51,830 shares during the quarter. XTX Topco Ltd’s holdings in Butterfly Network were worth $185,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BFLY. Vanguard Group Inc. lifted its holdings in shares of Butterfly Network by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 7,437,176 shares of the company’s stock valued at $23,204,000 after purchasing an additional 109,842 shares in the last quarter. ARK Investment Management LLC increased its stake in Butterfly Network by 16.8% during the 1st quarter. ARK Investment Management LLC now owns 7,023,980 shares of the company’s stock worth $16,015,000 after purchasing an additional 1,012,460 shares in the last quarter. First Light Asset Management LLC acquired a new stake in Butterfly Network during the 4th quarter worth approximately $12,463,000. Geode Capital Management LLC lifted its stake in Butterfly Network by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,752,551 shares of the company’s stock valued at $5,470,000 after buying an additional 30,828 shares in the last quarter. Finally, Capital World Investors acquired a new position in shares of Butterfly Network in the fourth quarter valued at approximately $4,239,000. Institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Performance

NYSE BFLY opened at $1.42 on Thursday. Butterfly Network, Inc. has a 52 week low of $0.90 and a 52 week high of $4.98. The stock’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $2.56. The stock has a market capitalization of $356.21 million, a price-to-earnings ratio of -5.05 and a beta of 2.45.

Butterfly Network (NYSE:BFLY) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Butterfly Network had a negative net margin of 71.79% and a negative return on equity of 30.53%. The business had revenue of $23.38 million for the quarter, compared to analyst estimates of $23.91 million. On average, equities research analysts forecast that Butterfly Network, Inc. will post -0.35 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BFLY. Lake Street Capital lowered their price objective on shares of Butterfly Network from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Oppenheimer reiterated a “market perform” rating on shares of Butterfly Network in a report on Friday, August 1st. Finally, Craig Hallum reissued a “positive” rating and issued a $2.00 price target on shares of Butterfly Network in a research note on Monday, August 4th.

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.