HBK Sorce Advisory LLC Purchases New Shares in Butterfly Network, Inc. (NYSE:BFLY)

HBK Sorce Advisory LLC bought a new position in Butterfly Network, Inc. (NYSE:BFLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,266 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sound View Wealth Advisors Group LLC increased its stake in Butterfly Network by 18.5% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 16,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,500 shares during the period. Raymond James Financial Inc. purchased a new stake in Butterfly Network in the fourth quarter worth $3,154,000. Verdence Capital Advisors LLC purchased a new stake in Butterfly Network in the fourth quarter worth $41,000. SBI Securities Co. Ltd. purchased a new stake in Butterfly Network in the fourth quarter worth $493,000. Finally, Levin Capital Strategies L.P. increased its stake in Butterfly Network by 41.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 85,000 shares of the company’s stock worth $265,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Insider Transactions at Butterfly Network

In other news, CFO Heather C. Getz sold 30,136 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $92,216.16. Following the transaction, the chief financial officer now owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. This represents a 1.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steve Cashman sold 164,079 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.06, for a total value 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 position. The disclosure for this sale can be found here. Corporate insiders own 27.28% of the company’s stock.

Butterfly Network Stock Up 4.9 %

BFLY stock opened at $2.68 on Friday. The business’s fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $2.89. Butterfly Network, Inc. has a twelve month low of $0.67 and a twelve month high of $4.98. The firm has a market cap of $649.82 million, a price-to-earnings ratio of -5.82 and a beta of 2.48.

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.