Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) Director S. Louise Phanstiel purchased 115,200 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was bought at an average cost of $8.68 per share, with a total value of $999,936.00. Following the purchase, the director owned 300,461 shares of the company’s stock, valued at approximately $2,608,001.48. This trade represents a 62.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Butterfly Network Price Performance
Shares of BFLY opened at $9.02 on Tuesday. The business has a 50-day moving average of $7.60 and a 200-day moving average of $5.35. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -31.10 and a beta of 2.09. Butterfly Network, Inc. has a 1 year low of $1.34 and a 1 year high of $10.05.
Butterfly Network (NYSE:BFLY – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. Butterfly Network had a negative net margin of 66.74% and a negative return on equity of 33.99%. The business had revenue of $32.61 million during the quarter, compared to the consensus estimate of $29.16 million. As a group, sell-side analysts anticipate that Butterfly Network, Inc. will post -0.18 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Butterfly Network
Hedge Funds Weigh In On Butterfly Network
Several institutional investors have recently added to or reduced their stakes in the business. KBC Group NV acquired a new stake in shares of Butterfly Network during the 1st quarter worth approximately $25,000. Ameriprise Financial Inc. acquired a new position in shares of Butterfly Network during the 3rd quarter valued at $25,000. BNP Paribas Financial Markets lifted its position in shares of Butterfly Network by 707.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock valued at $33,000 after acquiring an additional 14,244 shares during the period. ExodusPoint Capital Management LP bought a new position in Butterfly Network during the fourth quarter worth $38,000. Finally, Sfmg LLC bought a new position in Butterfly Network during the fourth quarter worth $39,000. 37.85% of the stock is owned by institutional investors and hedge funds.
Butterfly Network Company Profile
Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.
Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.
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