Butterfly Network, Inc. (NYSE:BFLY) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in shares of Butterfly Network, Inc. (NYSE:BFLY) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,983 shares of the company’s stock after acquiring an additional 17,083 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.07% of Butterfly Network worth $153,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BFLY. Capital Investment Advisors LLC boosted its holdings in shares of Butterfly Network by 24.1% in the fourth quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock valued at $56,000 after acquiring an additional 10,000 shares during the period. Pathstone Family Office LLC boosted its stake in Butterfly Network by 162.9% during the 3rd quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock worth $62,000 after purchasing an additional 32,733 shares during the period. Barclays PLC grew its position in Butterfly Network by 20.9% during the 3rd quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after purchasing an additional 11,112 shares during the last quarter. Levin Capital Strategies L.P. grew its position in Butterfly Network by 200.0% during the 3rd quarter. Levin Capital Strategies L.P. now owns 75,000 shares of the company’s stock worth $88,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Green Alpha Advisors LLC increased its stake in Butterfly Network by 203.3% in the fourth quarter. Green Alpha Advisors LLC now owns 162,448 shares of the company’s stock valued at $175,000 after purchasing an additional 108,892 shares during the period. Institutional investors and hedge funds own 37.85% of the company’s stock.

Butterfly Network Stock Performance

Shares of BFLY opened at $0.71 on Friday. Butterfly Network, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $2.71. The firm has a 50-day simple moving average of $1.04 and a 200-day simple moving average of $1.01. The company has a market capitalization of $146.88 million, a price-to-earnings ratio of -1.09 and a beta of 2.04.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09). Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. The company had revenue of $16.52 million for the quarter, compared to analysts’ expectations of $15.98 million. Equities research analysts forecast that Butterfly Network, Inc. will post -0.45 EPS for the current year.

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.