ExodusPoint Capital Management LP Sells 1,206,760 Shares of Butterfly Network, Inc. (NYSE:BFLY)

ExodusPoint Capital Management LP lessened its position in Butterfly Network, Inc. (NYSE:BFLY - Free Report) by 93.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,785 shares of the company's stock after selling 1,206,760 shares during the period. ExodusPoint Capital Management LP's holdings in Butterfly Network were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of Butterfly Network by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company's stock valued at $1,691,000 after acquiring an additional 35,800 shares during the period. Verition Fund Management LLC bought a new position in shares of Butterfly Network in the 3rd quarter valued at $57,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of Butterfly Network during the third quarter valued at about $44,000. Barclays PLC grew its holdings in Butterfly Network by 27,790.0% during the 3rd quarter. Barclays PLC now owns 25,101 shares of the company's stock worth $44,000 after acquiring an additional 25,011 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Butterfly Network by 4.0% during the third 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 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 Butterfly Network in a report on Monday, March 17th. They set an "outperform" rating on the stock.

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Butterfly Network Trading Down 0.2 %

NYSE:BFLY traded down $0.01 on Tuesday, reaching $2.52. 3,807,938 shares of the stock traded hands, compared to its average volume of 2,853,902. The firm has a market capitalization of $610.95 million, a price-to-earnings ratio of -5.47 and a beta of 2.60. Butterfly Network, Inc. has a 1-year low of $0.67 and a 1-year high of $4.98. The company's 50 day moving average is $3.09 and its 200-day moving average is $3.02.

Butterfly Network 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.