Butterfly Network, Inc. (NYSE:BFLY) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in Butterfly Network, Inc. (NYSE:BFLYFree Report) by 27,790.0% during the third quarter, Holdings Channel reports. The fund owned 25,101 shares of the company’s stock after buying an additional 25,011 shares during the quarter. Barclays PLC’s holdings in Butterfly Network were worth $44,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Hartline Investment Corp increased its holdings in shares of Butterfly Network by 87.0% during the 3rd 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 in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Butterfly Network in the third quarter valued at $44,000. Verition Fund Management LLC acquired a new position in shares of Butterfly Network in the third quarter worth about $57,000. Point72 DIFC Ltd raised its position in shares of Butterfly Network by 1,271.4% in the second quarter. Point72 DIFC Ltd now owns 77,418 shares of the company’s stock worth $65,000 after acquiring an additional 71,773 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Butterfly Network during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Insiders Place Their Bets

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of Butterfly Network stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the completion of the sale, the chief financial officer now directly owns 2,669,333 shares in the company, valued at $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steve Cashman sold 164,079 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $502,081.74. Following the completion of the transaction, the insider now owns 1,835,921 shares in the company, valued at approximately $5,617,918.26. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.28% of the company’s stock.

Butterfly Network Trading Down 5.9 %

Shares of BFLY opened at $3.90 on Friday. The firm has a market cap of $829.87 million, a P/E ratio of -8.47 and a beta of 2.45. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $4.45. The stock’s 50 day moving average is $3.47 and its two-hundred day moving average is $2.21.

Butterfly Network (NYSE:BFLYGet Free Report) last issued its quarterly earnings results on Friday, November 1st. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Butterfly Network had a negative net margin of 129.25% and a negative return on equity of 42.68%. The firm had revenue of $20.56 million for the quarter, compared to analyst estimates of $19.12 million. During the same period last year, the company posted ($0.13) EPS. Equities research analysts forecast that Butterfly Network, Inc. will post -0.35 EPS for the current year.

Butterfly Network Profile

(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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Institutional Ownership by Quarter for Butterfly Network (NYSE:BFLY)

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