Butterfly Network, Inc. (NYSE:BFLY) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) by 63.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,183 shares of the company's stock after selling 227,209 shares during the period. XTX Topco Ltd owned approximately 0.06% of Butterfly Network worth $416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Barclays PLC grew its position in Butterfly Network by 321.3% in the 4th quarter. Barclays PLC now owns 105,756 shares of the company's stock valued at $330,000 after buying an additional 80,655 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Butterfly Network in the 4th quarter worth $3,154,000. Russell Investments Group Ltd. purchased a new stake in shares of Butterfly Network in the fourth quarter valued at about $1,090,000. Geode Capital Management LLC increased its stake in shares of Butterfly Network by 1.8% during the fourth 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 period. Finally, Headlands Technologies LLC purchased a new position in Butterfly Network during the fourth quarter worth about $95,000. Hedge funds and other institutional investors own 37.85% of the company's stock.

Butterfly Network Stock Performance

Butterfly Network stock traded down $0.05 during midday trading on Friday, reaching $2.43. The company's stock had a trading volume of 1,967,073 shares, compared to its average volume of 2,865,664. The firm has a market capitalization of $590.30 million, a PE ratio of -5.28 and a beta of 2.60. Butterfly Network, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $4.98. The stock's 50 day simple moving average is $2.80 and its 200 day simple moving average is $3.03.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on Butterfly Network in a research report on Monday, March 17th. They set an "outperform" rating on the stock.

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.