IQ EQ FUND MANAGEMENT IRELAND Ltd Increases Stock Holdings in Butterfly Network, Inc. (NYSE:BFLY)

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Butterfly Network, Inc. (NYSE:BFLY) by 23.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,850 shares of the company’s stock after purchasing an additional 4,606 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Butterfly Network were worth $74,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Butterfly Network by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 7,437,176 shares of the company’s stock worth $23,204,000 after acquiring an additional 109,842 shares during the last quarter. Geode Capital Management LLC raised its stake in Butterfly Network by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company’s stock valued at $3,049,000 after purchasing an additional 65,425 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Butterfly Network in the 4th quarter valued at about $3,154,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Butterfly Network by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock worth $1,691,000 after purchasing an additional 35,800 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Butterfly Network by 169.7% during the third quarter. XTX Topco Ltd now owns 360,392 shares of the company’s stock worth $638,000 after buying an additional 226,781 shares in the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.

Butterfly Network Stock Down 3.1 %

Shares of NYSE:BFLY opened at $2.36 on Friday. The company has a market cap of $574.27 million, a P/E ratio of -5.14 and a beta of 2.48. The business has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $2.97. Butterfly Network, Inc. has a 52 week low of $0.67 and a 52 week high of $4.98.

Wall Street Analysts Forecast Growth

Separately, William Blair began coverage on shares of Butterfly Network in a research note on Monday, March 17th. They set an “outperform” rating on the stock.

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.