Insider Selling: Butterfly Network, Inc. (NASDAQ:BFLY) COO Sells 151,417 Shares of Stock

Butterfly Network, Inc. (NASDAQ:BFLY) COO David Perri sold 151,417 shares of the stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $14.00, for a total transaction of $2,119,838.00. Following the completion of the sale, the chief operating officer now directly owns 13,625 shares of the company’s stock, valued at approximately $190,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Butterfly Network stock traded down $0.15 during trading hours on Thursday, hitting $14.20. The company’s stock had a trading volume of 2,693,487 shares, compared to its average volume of 2,969,776. Butterfly Network, Inc. has a 1-year low of $9.20 and a 1-year high of $29.13. The firm has a fifty day moving average price of $13.41.

Butterfly Network (NASDAQ:BFLY) last released its quarterly earnings data on Thursday, May 13th. The company reported ($0.46) earnings per share (EPS) for the quarter. The firm had revenue of $12.44 million for the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFLY. Benjamin F. Edwards & Company Inc. acquired a new stake in Butterfly Network during the 1st quarter valued at $30,000. Signaturefd LLC acquired a new stake in Butterfly Network during the 1st quarter valued at $34,000. The PNC Financial Services Group Inc. acquired a new stake in Butterfly Network during the 1st quarter valued at $34,000. NEXT Financial Group Inc acquired a new stake in Butterfly Network during the 1st quarter valued at $41,000. Finally, Arkadios Wealth Advisors acquired a new stake in Butterfly Network during the 1st quarter valued at $67,000. 33.81% of the stock is owned by institutional investors and hedge funds.

Butterfly Network Company Profile

Butterfly Network, Inc, a digital health company, 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; and Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smart phone or tablet.

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