168,397 Shares in Butterfly Network, Inc. (NYSE:BFLY) Acquired by Calamos Advisors LLC

Calamos Advisors LLC purchased a new position in Butterfly Network, Inc. (NYSE:BFLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 168,397 shares of the company’s stock, valued at approximately $525,000. Calamos Advisors LLC owned about 0.08% of Butterfly Network as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hartline Investment Corp lifted its position in 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 in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Butterfly Network in the 3rd quarter valued at approximately $44,000. Barclays PLC lifted its position in Butterfly Network by 27,790.0% in the 3rd quarter. Barclays PLC now owns 25,101 shares of the company’s stock valued at $44,000 after acquiring an additional 25,011 shares in the last quarter. SG Americas Securities LLC bought a new position in Butterfly Network in the 4th quarter valued at approximately $46,000. Finally, Verition Fund Management LLC bought a new position in Butterfly Network in the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Insider Activity 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 directly owns 2,669,333 shares of the company’s stock, valued at $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 is available through this link. Also, insider Steve Cashman sold 164,079 shares of the stock in a transaction on Friday, December 20th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. 27.28% of the stock is currently owned by insiders.

Butterfly Network Trading Down 1.9 %

BFLY stock opened at $4.50 on Thursday. The stock has a market capitalization of $957.70 million, a PE ratio of -9.77 and a beta of 2.47. Butterfly Network, Inc. has a 12-month low of $0.67 and a 12-month high of $4.79. The stock’s 50 day simple moving average is $3.60 and its 200 day simple moving average is $2.38.

Butterfly Network Company 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.