New York State Common Retirement Fund Increases Holdings in Butterfly Network, Inc. (NASDAQ:BFLY)

New York State Common Retirement Fund raised its stake in shares of Butterfly Network, Inc. (NASDAQ:BFLY) by 301.9% in the third quarter, Holdings Channel reports. The institutional investor owned 111,725 shares of the company’s stock after buying an additional 83,925 shares during the quarter. New York State Common Retirement Fund’s holdings in Butterfly Network were worth $1,166,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BFLY. Ameritas Investment Partners Inc. purchased a new position in Butterfly Network during the second quarter valued at $37,000. Advisory Services Network LLC bought a new stake in shares of Butterfly Network in the 2nd quarter worth $44,000. Powell Investment Advisors LLC bought a new stake in shares of Butterfly Network in the 3rd quarter worth $132,000. Mirabella Financial Services LLP bought a new stake in shares of Butterfly Network in the 2nd quarter worth $156,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of Butterfly Network in the 2nd quarter worth $163,000. Institutional investors and hedge funds own 47.61% of the company’s stock.

In other Butterfly Network news, CFO Stephanie Fielding sold 13,440 shares of the business’s stock in a transaction dated Monday, December 20th. The stock was sold at an average price of $7.10, for a total transaction of $95,424.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Darius Shahida sold 65,274 shares of the business’s stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $7.10, for a total value of $463,445.40. The disclosure for this sale can be found here. Insiders own 42.11% of the company’s stock.

A number of research firms have commented on BFLY. Zacks Investment Research raised Butterfly Network from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Wednesday, December 29th. UBS Group initiated coverage on Butterfly Network in a report on Friday, December 17th. They issued a “neutral” rating and a $7.00 price objective for the company.

Shares of BFLY opened at $6.76 on Friday. Butterfly Network, Inc. has a one year low of $5.76 and a one year high of $29.13. The business has a fifty day moving average of $7.41 and a 200 day moving average of $10.02.

Butterfly Network (NASDAQ:BFLY) last released its quarterly earnings results on Monday, November 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.18. The company had revenue of $14.62 million for the quarter. Equities research analysts predict that Butterfly Network, Inc. will post -0.37 EPS for the current fiscal year.

About Butterfly Network

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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Institutional Ownership by Quarter for Butterfly Network (NASDAQ:BFLY)

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