Butterfly Network, Inc. (NYSE:BFLY) Insider Darius Shahida Sells 20,139 Shares

Butterfly Network, Inc. (NYSE:BFLYGet Rating) insider Darius Shahida sold 20,139 shares of the stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $5.49, for a total transaction of $110,563.11. Following the sale, the insider now owns 656,793 shares in the company, valued at $3,605,793.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Darius Shahida also recently made the following trade(s):

  • On Tuesday, June 21st, Darius Shahida sold 16,069 shares of Butterfly Network stock. The stock was sold at an average price of $3.18, for a total transaction of $51,099.42.

Butterfly Network Stock Down 2.1 %

Butterfly Network stock opened at $5.53 on Tuesday. The firm has a market cap of $1.10 billion, a PE ratio of -10.05 and a beta of 1.96. Butterfly Network, Inc. has a 52-week low of $2.31 and a 52-week high of $12.29. The company’s 50 day moving average is $6.05 and its two-hundred day moving average is $4.38.

Butterfly Network (NYSE:BFLYGet Rating) last released its earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.09. The company had revenue of $19.22 million for the quarter. Butterfly Network had a negative net margin of 159.44% and a negative return on equity of 25.69%. During the same quarter last year, the company earned ($0.19) earnings per share. On average, equities research analysts anticipate that Butterfly Network, Inc. will post -0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Butterfly Network

A number of large investors have recently modified their holdings of the company. Exos Asset Management LLC increased its position in shares of Butterfly Network by 9.5% in the 2nd quarter. Exos Asset Management LLC now owns 19,534 shares of the company’s stock valued at $60,000 after purchasing an additional 1,695 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Butterfly Network by 7.8% in the 4th quarter. Principal Financial Group Inc. now owns 41,286 shares of the company’s stock valued at $276,000 after purchasing an additional 2,994 shares during the last quarter. Game Plan Financial Advisors LLC increased its position in shares of Butterfly Network by 15.0% in the 2nd quarter. Game Plan Financial Advisors LLC now owns 23,000 shares of the company’s stock valued at $69,000 after purchasing an additional 3,000 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Butterfly Network by 28.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 18,912 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Butterfly Network by 7.0% in the 2nd quarter. LPL Financial LLC now owns 64,178 shares of the company’s stock valued at $197,000 after purchasing an additional 4,220 shares during the last quarter. 49.29% of the stock is owned by hedge funds and other institutional investors.

About Butterfly Network

(Get Rating)

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; Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure.

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