Oppenheimer & Co. Inc. Buys 36,206 Shares of Butterfly Network, Inc. (NYSE:BFLY)

Oppenheimer & Co. Inc. grew its stake in shares of Butterfly Network, Inc. (NYSE:BFLY) by 14.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 295,126 shares of the company’s stock after acquiring an additional 36,206 shares during the period. Oppenheimer & Co. Inc.’s holdings in Butterfly Network were worth $921,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Butterfly Network during the fourth quarter worth about $34,000. SG Americas Securities LLC purchased a new position in shares of Butterfly Network during the fourth quarter worth about $46,000. Hartline Investment Corp grew its holdings in shares of Butterfly Network by 87.0% during the third quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock worth $38,000 after purchasing an additional 10,000 shares in the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Butterfly Network during the fourth quarter worth about $70,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in shares of Butterfly Network during the third quarter worth about $44,000. 37.85% of the stock is currently owned by institutional investors.

Insider Transactions at Butterfly Network

In other Butterfly Network news, 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 sale, the chief financial officer now owns 2,669,333 shares of the company’s stock, valued at $8,168,158.98. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steve Cashman sold 164,079 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 $502,081.74. Following the completion of the sale, the insider now directly owns 1,835,921 shares of the company’s stock, valued at approximately $5,617,918.26. This represents a 8.20 % decrease in their position. The disclosure for this sale can be found here. 27.28% of the stock is owned by insiders.

Butterfly Network Trading Up 4.8 %

Shares of NYSE BFLY opened at $3.18 on Thursday. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $4.98. The firm has a market capitalization of $676.47 million, a price-to-earnings ratio of -6.90 and a beta of 2.47. The business has a 50-day moving average of $3.92 and a 200-day moving average of $2.81.

About Butterfly Network

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.