Butterfly Network (NYSE:BFLY – Get Rating) is set to release its earnings data before the market opens on Tuesday, February 28th. Analysts expect Butterfly Network to post earnings of ($0.21) per share for the quarter. Persons who wish to register for the company’s earnings conference call can do so using this link.
Butterfly Network Stock Performance
Butterfly Network stock opened at $2.20 on Friday. The company has a 50-day simple moving average of $2.51 and a 200-day simple moving average of $3.86. The firm has a market capitalization of $441.25 million, a P/E ratio of -2.93 and a beta of 1.80. Butterfly Network has a one year low of $2.15 and a one year high of $8.72.
Insider Activity
In other Butterfly Network news, insider Darius Shahida sold 26,885 shares of the company’s stock in a transaction dated Monday, December 19th. The shares were sold at an average price of $2.36, for a total transaction of $63,448.60. Following the completion of the sale, the insider now directly owns 629,908 shares of the company’s stock, valued at $1,486,582.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 42.11% of the company’s stock.
Institutional Trading of Butterfly Network
A number of hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC lifted its position in Butterfly Network by 28.5% in the first quarter. Chicago Partners Investment Group LLC now owns 18,912 shares of the company’s stock worth $57,000 after purchasing an additional 4,200 shares during the period. LPL Financial LLC grew its position in shares of Butterfly Network by 7.0% during the 2nd quarter. LPL Financial LLC now owns 64,178 shares of the company’s stock worth $197,000 after buying an additional 4,220 shares during the period. Private Advisor Group LLC grew its position in shares of Butterfly Network by 31.0% during the 1st quarter. Private Advisor Group LLC now owns 21,986 shares of the company’s stock worth $105,000 after buying an additional 5,207 shares during the period. Squarepoint Ops LLC grew its position in shares of Butterfly Network by 12.1% during the 4th quarter. Squarepoint Ops LLC now owns 61,475 shares of the company’s stock worth $151,000 after buying an additional 6,622 shares during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Butterfly Network by 177.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,466 shares of the company’s stock valued at $49,000 after purchasing an additional 6,689 shares in the last quarter. 49.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Oppenheimer initiated coverage on shares of Butterfly Network in a research report on Monday, November 28th. They issued an “outperform” rating and a $4.50 target price for the company.
About Butterfly Network
(Get Rating)
Butterfly Network, Inc, a digital health company, 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+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system’s clinical and administrative infrastructure.
Further Reading
Receive News & Ratings for Butterfly Network Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Butterfly Network and related companies with MarketBeat.com’s FREE daily email newsletter.
