Baader Bank Aktiengesellschaft Invests $287,000 in Butterfly Network, Inc. (NYSE:BFLY)

Baader Bank Aktiengesellschaft acquired a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY) during the 4th quarter, Holdings Channel reports. The fund acquired 92,000 shares of the company’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC grew its position in shares of Butterfly Network by 7.3% in the third quarter. Procyon Advisors LLC now owns 81,882 shares of the company’s stock valued at $145,000 after purchasing an additional 5,600 shares during the period. Hartline Investment Corp boosted its stake in Butterfly Network by 87.0% in the 3rd quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Butterfly Network during the 4th quarter worth about $46,000. Quent Capital LLC lifted its holdings in shares of Butterfly Network by 25.6% during the 3rd quarter. Quent Capital LLC now owns 98,000 shares of the company’s stock worth $173,000 after acquiring an additional 20,000 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Butterfly Network in the fourth quarter valued at approximately $70,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Insider Buying and Selling

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

Butterfly Network Stock Up 16.7 %

NYSE:BFLY opened at $4.10 on Friday. Butterfly Network, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $4.45. The firm’s 50 day moving average is $3.52 and its two-hundred day moving average is $2.28. The company has a market cap of $872.48 million, a P/E ratio of -8.90 and a beta of 2.45.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings results on Friday, November 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $20.56 million during the quarter, compared to the consensus estimate 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 business earned ($0.13) earnings per share. Research analysts forecast that Butterfly Network, Inc. will post -0.35 earnings per share for the current fiscal year.

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.