Raymond James Financial Inc. bought a new position in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,010,977 shares of the company's stock, valued at approximately $3,154,000. Raymond James Financial Inc. owned 0.47% of Butterfly Network as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Butterfly Network by 3.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company's stock worth $1,691,000 after buying an additional 35,800 shares during the period. Verition Fund Management LLC bought a new stake in Butterfly Network during the third quarter worth about $57,000. Kovitz Investment Group Partners LLC bought a new position in shares of Butterfly Network during the third quarter valued at approximately $44,000. XTX Topco Ltd raised its stake in Butterfly Network by 169.7% during the third quarter. XTX Topco Ltd now owns 360,392 shares of the company's stock valued at $638,000 after buying an additional 226,781 shares during the last quarter. Finally, Barclays PLC boosted its stake in Butterfly Network by 27,790.0% in the 3rd quarter. Barclays PLC now owns 25,101 shares of the company's stock worth $44,000 after purchasing an additional 25,011 shares in the last quarter. Institutional investors own 37.85% of the company's stock.
Butterfly Network Stock Performance
Shares of NYSE BFLY traded down $0.09 during midday trading on Tuesday, hitting $2.20. 2,437,735 shares of the stock traded hands, compared to its average volume of 2,746,030. The firm has a market capitalization of $533.22 million, a P/E ratio of -4.77 and a beta of 2.48. Butterfly Network, Inc. has a one year low of $0.67 and a one year high of $4.98. The firm has a 50-day moving average of $3.54 and a two-hundred day moving average of $2.99.
Wall Street Analyst Weigh In
Separately, William Blair assumed coverage on Butterfly Network in a research note on Monday, March 17th. They set an "outperform" rating on the stock.
Check Out Our Latest Research Report on BFLY
About Butterfly Network
(
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.
Further Reading
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