Baader Bank Aktiengesellschaft Purchases Shares of 92,000 Butterfly Network, Inc. (NYSE:BFLY)

Baader Bank Aktiengesellschaft bought a new stake in Butterfly Network, Inc. (NYSE:BFLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 92,000 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC purchased a new position in shares of Butterfly Network in the 4th quarter valued at approximately $70,000. SG Americas Securities LLC purchased a new stake in shares of Butterfly Network in the fourth quarter valued at approximately $46,000. Green Alpha Advisors LLC boosted its stake in shares of Butterfly Network by 15.7% in the fourth quarter. Green Alpha Advisors LLC now owns 185,996 shares of the company's stock valued at $580,000 after buying an additional 25,212 shares in the last quarter. Barclays PLC boosted its stake in shares of Butterfly Network by 27,790.0% in the third quarter. Barclays PLC now owns 25,101 shares of the company's stock valued at $44,000 after buying an additional 25,011 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Butterfly Network by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company's stock valued at $3,049,000 after buying an additional 65,425 shares in the last quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Steve Cashman sold 164,079 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 value of $502,081.74. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through 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 value of $92,216.16. Following the completion of the transaction, the chief financial officer now directly owns 2,669,333 shares of the company's stock, valued at approximately $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 insiders.

Butterfly Network Stock Down 0.6 %

Shares of Butterfly Network stock traded down $0.02 during trading on Monday, reaching $3.97. The company's stock had a trading volume of 3,190,107 shares, compared to its average volume of 4,753,004. Butterfly Network, Inc. has a 12-month low of $0.67 and a 12-month high of $4.45. The company has a market capitalization of $845.42 million, a P/E ratio of -8.68 and a beta of 2.47. The business has a 50 day moving average price of $3.54 and a 200-day moving average price of $2.32.

Butterfly Network (NYSE:BFLY - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $20.56 million during the quarter, compared to analysts' expectations of $19.12 million. Butterfly Network had a negative return on equity of 42.68% and a negative net margin of 129.25%. During the same period in the previous year, the firm posted ($0.13) earnings per share. Research analysts predict that Butterfly Network, Inc. will post -0.35 EPS for the current fiscal year.

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.