EAM Investors LLC Makes New Investment in Butterfly Network, Inc. (NYSE:BFLY)

EAM Investors LLC purchased a new position in Butterfly Network, Inc. (NYSE:BFLY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 338,586 shares of the company's stock, valued at approximately $1,056,000. EAM Investors LLC owned 0.16% of Butterfly Network at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Butterfly Network by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 7,437,176 shares of the company's stock worth $23,204,000 after purchasing an additional 109,842 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Butterfly Network by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,752,551 shares of the company's stock worth $5,470,000 after acquiring an additional 30,828 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Butterfly Network during the 4th quarter worth $3,154,000. Russell Investments Group Ltd. acquired a new position in shares of Butterfly Network during the 4th quarter valued at about $1,090,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Butterfly Network by 14.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 295,126 shares of the company's stock valued at $921,000 after acquiring an additional 36,206 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company's stock.

Analyst Upgrades and Downgrades

Separately, William Blair started coverage on shares of Butterfly Network in a report on Monday, March 17th. They issued an "outperform" rating on the stock.

Butterfly Network Stock Down 0.6 %

BFLY stock traded down $0.02 during mid-day trading on Friday, hitting $2.34. 2,121,449 shares of the company were exchanged, compared to its average volume of 2,877,452. Butterfly Network, Inc. has a 12-month low of $0.67 and a 12-month high of $4.98. The firm has a market capitalization of $567.23 million, a P/E ratio of -5.08 and a beta of 2.60. The business has a fifty day simple moving average of $2.98 and a 200-day simple moving average of $3.03.

About Butterfly Network

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.