Baader Bank Aktiengesellschaft Acquires Shares of 92,000 Butterfly Network, Inc. (NYSE:BFLY)

Baader Bank Aktiengesellschaft bought a new position in shares of Butterfly Network, Inc. (NYSE:BFLY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,000 shares of the company’s stock, valued at approximately $287,000.

Several other large investors have also recently bought and sold shares of BFLY. Hartline Investment Corp increased its holdings in shares of Butterfly Network by 87.0% in the 3rd 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 last quarter. Kovitz Investment Group Partners LLC purchased a new position in Butterfly Network in the third quarter valued at approximately $44,000. Barclays PLC raised its holdings in Butterfly Network by 27,790.0% during the third quarter. Barclays PLC now owns 25,101 shares of the company’s stock worth $44,000 after purchasing an additional 25,011 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Butterfly Network during the 4th quarter worth approximately $46,000. Finally, Verition Fund Management LLC purchased a new position in shares of Butterfly Network in the 3rd quarter valued at $57,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Insider Buying and Selling

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

Butterfly Network Price Performance

NYSE BFLY opened at $4.10 on Friday. The company has a fifty day moving average of $3.52 and a two-hundred day moving average of $2.28. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $4.45. The company has a market capitalization of $872.48 million, a PE ratio of -8.90 and a beta of 2.45.

Butterfly Network (NYSE:BFLY) last released its quarterly earnings results on Friday, November 1st. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $20.56 million for the quarter, compared to analyst estimates of $19.12 million. Butterfly Network had a negative return on equity of 42.68% and a negative net margin of 129.25%. During the same quarter in the previous year, the company posted ($0.13) earnings per share. On average, research analysts expect that Butterfly Network, Inc. will post -0.35 earnings per share for the current year.

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.