Vanguard Group Inc. Acquires 109,842 Shares of Butterfly Network, Inc. (NYSE:BFLY)

Vanguard Group Inc. grew its stake in Butterfly Network, Inc. (NYSE:BFLY) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,437,176 shares of the company’s stock after purchasing an additional 109,842 shares during the quarter. Vanguard Group Inc.’s holdings in Butterfly Network were worth $23,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. White Pine Capital LLC bought a new position in shares of Butterfly Network during the fourth quarter worth $398,000. Charles Schwab Investment Management Inc. lifted its holdings in Butterfly Network by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock worth $1,691,000 after acquiring an additional 35,800 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in Butterfly Network during the fourth quarter worth about $287,000. Palumbo Wealth Management LLC grew its stake in Butterfly Network by 528.1% in the fourth quarter. Palumbo Wealth Management LLC now owns 73,370 shares of the company’s stock valued at $229,000 after acquiring an additional 61,688 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Butterfly Network during the fourth quarter worth about $525,000. 37.85% of the stock is currently owned by institutional investors.

Butterfly Network Trading Down 0.2 %

NYSE:BFLY opened at $2.52 on Wednesday. The stock has a market capitalization of $610.95 million, a PE ratio of -5.47 and a beta of 2.60. Butterfly Network, Inc. has a 1-year low of $0.67 and a 1-year high of $4.98. The firm has a fifty day simple moving average of $3.09 and a 200 day simple moving average of $3.02.

Analyst Ratings Changes

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

Butterfly Network 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.