SBI Securities Co. Ltd. Takes Position in Butterfly Network, Inc. (NYSE:BFLY)

SBI Securities Co. Ltd. acquired a new position in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 157,883 shares of the company's stock, valued at approximately $493,000. SBI Securities Co. Ltd. owned about 0.07% of Butterfly Network as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Butterfly Network in the 4th quarter valued at about $34,000. Hartline Investment Corp boosted its stake in Butterfly Network by 87.0% in the third quarter. Hartline Investment Corp now owns 21,500 shares of the company's stock valued at $38,000 after acquiring an additional 10,000 shares during the period. Barclays PLC grew its holdings in shares of Butterfly Network by 27,790.0% during the third quarter. Barclays PLC now owns 25,101 shares of the company's stock valued at $44,000 after purchasing an additional 25,011 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Butterfly Network during the 3rd quarter worth approximately $44,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Butterfly Network during the 4th quarter worth approximately $46,000. 37.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

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Butterfly Network Price Performance

NYSE:BFLY traded down $0.05 during midday trading on Friday, reaching $2.85. 4,563,253 shares of the company traded hands, compared to its average volume of 2,611,625. The firm has a market capitalization of $606.16 million, a price-to-earnings ratio of -6.18 and a beta of 2.48. The company has a fifty day moving average price of $3.91 and a 200 day moving average price of $2.81. Butterfly Network, Inc. has a twelve month low of $0.67 and a twelve month high of $4.98.

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.