Butterfly Network (BFLY) Expected to Announce Quarterly Earnings on Friday

Butterfly Network (NYSE:BFLY - Get Free Report) will likely be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $21.97 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Butterfly Network Stock Down 3.5 %

NYSE BFLY traded down $0.16 during trading hours on Friday, hitting $4.28. 4,179,854 shares of the company were exchanged, compared to its average volume of 4,618,741. The company has a 50 day moving average of $3.86 and a two-hundred day moving average of $2.65. Butterfly Network has a 52-week low of $0.67 and a 52-week high of $4.98. The firm has a market cap of $910.83 million, a price-to-earnings ratio of -9.29 and a beta of 2.47.

Insiders Place Their Bets

In other news, CFO Heather C. Getz sold 30,136 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total value of $92,216.16. Following the transaction, the chief financial officer now owns 2,669,333 shares in the company, valued at approximately $8,168,158.98. This represents a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Steve Cashman sold 164,079 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $502,081.74. Following the completion of the sale, the insider now directly owns 1,835,921 shares of the company's stock, valued at approximately $5,617,918.26. This trade represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.28% of the stock is owned by company insiders.

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.