Zazove Associates LLC boosted its stake in Butterfly Network, Inc. (NYSE:BFLY – Free Report) by 1,060.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 580,449 shares of the company’s stock after purchasing an additional 530,449 shares during the period. Zazove Associates LLC’s holdings in Butterfly Network were worth $627,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new stake in Butterfly Network in the 4th quarter valued at about $26,000. Tower Research Capital LLC TRC raised its position in shares of Butterfly Network by 421.4% in the third quarter. Tower Research Capital LLC TRC now owns 21,935 shares of the company’s stock valued at $26,000 after purchasing an additional 17,728 shares during the period. Creative Planning purchased a new stake in shares of Butterfly Network during the 2nd quarter valued at approximately $33,000. Sei Investments Co. bought a new position in Butterfly Network in the 3rd quarter worth approximately $33,000. Finally, Advisory Services Network LLC grew its stake in Butterfly Network by 134.4% in the 1st quarter. Advisory Services Network LLC now owns 18,660 shares of the company’s stock valued at $35,000 after buying an additional 10,700 shares in the last quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.
Butterfly Network Stock Performance
BFLY stock traded down $0.08 during midday trading on Wednesday, reaching $0.82. 1,432,751 shares of the company’s stock traded hands, compared to its average volume of 1,723,738. The firm has a market capitalization of $170.54 million, a PE ratio of -1.26 and a beta of 2.04. The company has a 50-day moving average price of $1.07 and a two-hundred day moving average price of $1.03. Butterfly Network, Inc. has a 52 week low of $0.76 and a 52 week high of $2.79.
About Butterfly Network
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.
Recommended Stories
- Five stocks we like better than Butterfly Network
- How to Use Stock Screeners to Find Stocks
- United Airlines Soars on Earnings Beat
- What is an Earnings Surprise?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Investing in Commodities: What Are They? How to Invest in Them
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Want to see what other hedge funds are holding BFLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Butterfly Network, Inc. (NYSE:BFLY – Free Report).
Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.