Calamos Advisors LLC Makes New Investment in Butterfly Network, Inc. (NYSE:BFLY)

Calamos Advisors LLC bought a new stake in Butterfly Network, Inc. (NYSE:BFLY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 168,397 shares of the company's stock, valued at approximately $525,000. Calamos Advisors LLC owned approximately 0.08% of Butterfly Network as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Butterfly Network by 46.5% during the second quarter. Renaissance Technologies LLC now owns 343,100 shares of the company's stock worth $288,000 after purchasing an additional 108,944 shares during the period. Marshall Wace LLP boosted its stake in shares of Butterfly Network by 353.7% during the 2nd quarter. Marshall Wace LLP now owns 318,383 shares of the company's stock valued at $267,000 after buying an additional 248,201 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Butterfly Network during the 2nd quarter valued at $90,000. Procyon Advisors LLC grew its holdings in shares of Butterfly Network by 7.3% during the 3rd quarter. Procyon Advisors LLC now owns 81,882 shares of the company's stock valued at $145,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Cannon Global Investment Management LLC acquired a new position in shares of Butterfly Network in the third quarter worth $100,000. Institutional investors and hedge funds own 37.85% of the company's stock.

Butterfly Network Price Performance

NYSE BFLY traded down $0.07 during trading on Friday, reaching $4.34. The company's stock had a trading volume of 2,666,686 shares, compared to its average volume of 4,458,366. Butterfly Network, Inc. has a 1-year low of $0.67 and a 1-year high of $4.79. The business has a 50-day moving average price of $3.65 and a 200-day moving average price of $2.42.

Insider Activity

In other Butterfly Network news, insider Steve Cashman sold 164,079 shares of Butterfly Network stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $3.06, for a total value of $502,081.74. Following the transaction, the insider now directly owns 1,835,921 shares of the company's stock, valued at $5,617,918.26. The trade was a 8.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Heather C. Getz sold 30,136 shares of the business's stock in a transaction on Friday, December 20th. The stock was 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 $8,168,158.98. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. 27.28% of the stock is currently owned by insiders.

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.