Butterfly Network, Inc. (NYSE:BFLY) CTO Andrei G. Stoica Sells 11,754 Shares of Stock

Butterfly Network, Inc. (NYSE:BFLYGet Free Report) CTO Andrei G. Stoica sold 11,754 shares of Butterfly Network stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $0.90, for a total transaction of $10,578.60. Following the sale, the chief technology officer now directly owns 1,485,804 shares in the company, valued at approximately $1,337,223.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Butterfly Network Stock Performance

Shares of BFLY opened at $0.90 on Friday. The company has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.01. Butterfly Network, Inc. has a one year low of $0.67 and a one year high of $2.71.

Butterfly Network (NYSE:BFLYGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. Butterfly Network had a negative return on equity of 47.83% and a negative net margin of 179.09%. The company had revenue of $17.66 million during the quarter, compared to analysts’ expectations of $17.13 million. During the same quarter last year, the business posted ($0.17) EPS. As a group, equities research analysts predict that Butterfly Network, Inc. will post -0.42 EPS for the current year.

Institutional Trading of Butterfly Network

A number of hedge funds have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in shares of Butterfly Network in the 4th quarter worth about $28,000. Daiwa Securities Group Inc. grew its holdings in Butterfly Network by 38.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 52,209 shares of the company’s stock worth $56,000 after purchasing an additional 14,426 shares during the period. Capital Investment Advisors LLC grew its holdings in Butterfly Network by 24.1% in the fourth quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock worth $56,000 after purchasing an additional 10,000 shares during the period. Pathstone Family Office LLC increased its stake in shares of Butterfly Network by 162.9% during the third quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock valued at $62,000 after purchasing an additional 32,733 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Butterfly Network by 40.0% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 70,000 shares of the company’s stock valued at $76,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 37.85% of the company’s stock.

About Butterfly Network

(Get Free Report)

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.

Featured Articles

Insider Buying and Selling by Quarter for Butterfly Network (NYSE:BFLY)

Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.