Insider Selling: Butterfly Network, Inc. (NYSE:BFLY) CTO Sells 11,754 Shares of Stock

Butterfly Network, Inc. (NYSE:BFLYGet Free Report) CTO Andrei G. Stoica sold 11,754 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $0.90, for a total value of $10,578.60. Following the sale, the chief technology officer now owns 1,485,804 shares in the company, valued at approximately $1,337,223.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Butterfly Network Trading Down 5.5 %

BFLY stock opened at $0.90 on Friday. Butterfly Network, Inc. has a 52 week low of $0.67 and a 52 week high of $2.71. The firm has a 50 day moving average of $0.94 and a 200 day moving average of $1.01.

Butterfly Network (NYSE:BFLYGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $17.66 million during the quarter, compared to the consensus estimate of $17.13 million. Butterfly Network had a negative return on equity of 47.83% and a negative net margin of 179.09%. During the same quarter in the previous year, the company posted ($0.17) earnings per share. As a group, analysts predict that Butterfly Network, Inc. will post -0.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Butterfly Network

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC acquired a new stake in Butterfly Network during the fourth quarter valued at $28,000. Daiwa Securities Group Inc. grew its position in shares of Butterfly Network by 38.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 52,209 shares of the company’s stock valued at $56,000 after acquiring an additional 14,426 shares during the period. Capital Investment Advisors LLC grew its position in shares of Butterfly Network by 24.1% during the 4th quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock valued at $56,000 after acquiring an additional 10,000 shares during the period. Pathstone Family Office LLC increased its stake in shares of Butterfly Network by 162.9% in the 3rd quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock valued at $62,000 after purchasing an additional 32,733 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its holdings in Butterfly Network by 40.0% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 70,000 shares of the company’s stock worth $76,000 after purchasing an additional 20,000 shares during the period. Hedge funds and other institutional investors own 37.85% of the company’s stock.

About Butterfly Network

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Butterfly Network (NYSE:BFLY)

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