Butterfly Network (BFLY) to Release Quarterly Earnings on Wednesday

Butterfly Network (NYSE:BFLY) will likely be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $21.97 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Butterfly Network Stock Up 1.2 %

NYSE BFLY opened at $4.83 on Wednesday. Butterfly Network has a 12-month low of $0.67 and a 12-month high of $4.98. The company has a market capitalization of $1.03 billion, a P/E ratio of -10.49 and a beta of 2.47. The firm has a 50-day moving average price of $3.81 and a two-hundred day moving average price of $2.60.

Insiders Place Their Bets

In other news, CFO Heather C. Getz sold 30,136 shares of Butterfly Network stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $92,216.16. Following the sale, the chief financial officer now directly owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steve Cashman sold 164,079 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total value of $502,081.74. Following the sale, the insider now owns 1,835,921 shares in the company, valued at approximately $5,617,918.26. This trade represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.28% of the company’s 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.