25,241 Shares in Butterfly Network, Inc. (NYSE:BFLY) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP bought a new stake in Butterfly Network, Inc. (NYSE:BFLY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,241 shares of the company’s stock, valued at approximately $79,000.

Several other hedge funds also recently bought and sold shares of the company. Sound View Wealth Advisors Group LLC raised its stake in Butterfly Network by 18.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 16,000 shares of the company’s stock worth $50,000 after buying an additional 2,500 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Butterfly Network by 23.9% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 23,850 shares of the company’s stock worth $74,000 after acquiring an additional 4,606 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Butterfly Network by 37.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 34,250 shares of the company’s stock valued at $107,000 after purchasing an additional 9,250 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Butterfly Network during the 4th quarter valued at about $34,000. Finally, LPL Financial LLC grew its position in shares of Butterfly Network by 8.2% in the 4th quarter. LPL Financial LLC now owns 148,029 shares of the company’s stock valued at $462,000 after purchasing an additional 11,224 shares during the period. 37.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, William Blair started coverage on Butterfly Network in a report on Monday, March 17th. They set an “outperform” rating for the company.

Butterfly Network Trading Down 0.4 %

BFLY stock opened at $2.43 on Tuesday. The business’s 50 day simple moving average is $2.71 and its 200 day simple moving average is $3.06. Butterfly Network, Inc. has a 1-year low of $0.77 and a 1-year high of $4.98. The firm has a market capitalization of $590.30 million, a PE ratio of -5.28 and a beta of 2.60.

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.