Butterfly Network, Inc. (NYSE:BFLY) CFO Heather C. Getz Sells 59,848 Shares

Butterfly Network, Inc. (NYSE:BFLY) CFO Heather C. Getz sold 59,848 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $0.95, for a total transaction of $56,855.60. Following the transaction, the chief financial officer now owns 2,699,469 shares of the company’s stock, valued at $2,564,495.55. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Butterfly Network Price Performance

Shares of NYSE BFLY opened at $1.01 on Wednesday. The firm’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.01. Butterfly Network, Inc. has a 12-month low of $0.67 and a 12-month high of $2.71. The company has a market capitalization of $210.21 million, a PE ratio of -1.74 and a beta of 2.10.

Butterfly Network (NYSE:BFLY) last posted its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $17.66 million for the quarter, compared to analyst estimates of $17.13 million. Butterfly Network had a negative return on equity of 47.83% and a negative net margin of 179.09%. During the same quarter in the prior year, the company earned ($0.17) EPS. On average, analysts forecast that Butterfly Network, Inc. will post -0.43 EPS for the current fiscal year.

Institutional Trading of Butterfly Network

A number of large investors have recently made changes to their positions in BFLY. ARK Investment Management LLC raised its stake in Butterfly Network by 7.7% in the 4th quarter. ARK Investment Management LLC now owns 13,688,534 shares of the company’s stock valued at $14,784,000 after purchasing an additional 973,260 shares during the last quarter. Zazove Associates LLC grew its holdings in shares of Butterfly Network by 1,060.9% during the fourth quarter. Zazove Associates LLC now owns 580,449 shares of the company’s stock worth $627,000 after buying an additional 530,449 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Butterfly Network by 731.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 329,529 shares of the company’s stock valued at $389,000 after buying an additional 289,916 shares during the last quarter. Centric Wealth Management purchased a new position in shares of Butterfly Network during the third quarter valued at approximately $237,000. Finally, SG Americas Securities LLC boosted its position in Butterfly Network by 742.2% during the third quarter. SG Americas Securities LLC now owns 149,420 shares of the company’s stock worth $176,000 after acquiring an additional 131,678 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

About Butterfly Network

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.