White Pine Capital LLC Invests $398,000 in Butterfly Network, Inc. (NYSE:BFLY)

White Pine Capital LLC purchased a new stake in Butterfly Network, Inc. (NYSE:BFLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 127,430 shares of the company's stock, valued at approximately $398,000. White Pine Capital LLC owned 0.06% of Butterfly Network as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Butterfly Network by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company's stock valued at $3,049,000 after acquiring an additional 65,425 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Butterfly Network by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company's stock worth $1,691,000 after purchasing an additional 35,800 shares during the last quarter. XTX Topco Ltd boosted its stake in Butterfly Network by 169.7% during the 3rd quarter. XTX Topco Ltd now owns 360,392 shares of the company's stock worth $638,000 after purchasing an additional 226,781 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Butterfly Network by 22.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 258,920 shares of the company's stock worth $458,000 after purchasing an additional 46,630 shares during the last quarter. Finally, Green Alpha Advisors LLC boosted its stake in Butterfly Network by 15.7% during the 4th quarter. Green Alpha Advisors LLC now owns 185,996 shares of the company's stock worth $580,000 after purchasing an additional 25,212 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company's stock.

Insiders Place Their Bets

In other Butterfly Network news, insider Steve Cashman sold 164,079 shares of the business's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the sale, the insider now directly owns 1,835,921 shares in the company, valued at $5,617,918.26. This represents a 8.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Heather C. Getz sold 30,136 shares of the business's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $92,216.16. Following the sale, the chief financial officer now 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 disclosure for this sale can be found here. 27.28% of the stock is currently owned by corporate insiders.

Butterfly Network Trading Up 1.2 %

BFLY traded up $0.06 on Tuesday, hitting $4.83. 4,066,881 shares of the company's stock were exchanged, compared to its average volume of 4,831,310. Butterfly Network, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $4.98. The firm has a 50-day moving average price of $3.81 and a 200-day moving average price of $2.60. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -10.49 and a beta of 2.47.

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.