Butterfly Network, Inc. (NYSE:BFLY) CFO Heather C. Getz Sells 30,136 Shares of Stock

Butterfly Network, Inc. (NYSE:BFLY) CFO Heather C. Getz sold 30,136 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the transaction, the chief financial officer now directly owns 2,669,333 shares in the company, valued at approximately $8,168,158.98. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Butterfly Network Stock Performance

Shares of NYSE:BFLY opened at $3.40 on Friday. Butterfly Network, Inc. has a 52-week low of $0.67 and a 52-week high of $3.78. The firm has a market capitalization of $724.41 million, a P/E ratio of -7.39 and a beta of 2.46. The stock has a 50 day moving average price of $2.80 and a 200-day moving average price of $1.80.

Butterfly Network (NYSE:BFLY) last announced its quarterly earnings data on Friday, November 1st. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business had revenue of $20.56 million during the quarter, compared to analyst estimates of $19.12 million. Butterfly Network had a negative return on equity of 42.68% and a negative net margin of 129.25%. During the same quarter last year, the firm posted ($0.13) earnings per share. On average, equities analysts forecast that Butterfly Network, Inc. will post -0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Lake Street Capital initiated coverage on shares of Butterfly Network in a research report on Tuesday, September 10th. They set a “buy” rating and a $3.00 price target on the stock.

Institutional Investors Weigh In On Butterfly Network

Several hedge funds have recently bought and sold shares of BFLY. Hartline Investment Corp lifted its holdings in shares of Butterfly Network by 87.0% during the third quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Butterfly Network during the third quarter valued at $44,000. Barclays PLC boosted its holdings in Butterfly Network by 27,790.0% in the third quarter. Barclays PLC now owns 25,101 shares of the company’s stock worth $44,000 after acquiring an additional 25,011 shares in the last quarter. Verition Fund Management LLC purchased a new stake in shares of Butterfly Network in the third quarter worth $57,000. Finally, Point72 DIFC Ltd increased its holdings in shares of Butterfly Network by 1,271.4% during the second quarter. Point72 DIFC Ltd now owns 77,418 shares of the company’s stock valued at $65,000 after acquiring an additional 71,773 shares in the last quarter. 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.