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

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

Butterfly Network Stock Performance

Shares of NYSE BFLY opened at $0.97 on Friday. The firm has a market capitalization of $201.93 million, a PE ratio of -1.67 and a beta of 2.10. The firm’s 50-day moving average is $0.99 and its 200-day moving average is $1.01. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $2.71.

Butterfly Network (NYSE:BFLY) last issued its earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.05. Butterfly Network had a negative net margin of 179.09% and a negative return on equity of 47.83%. The company had revenue of $17.66 million during the quarter, compared to analysts’ expectations of $17.13 million. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities research analysts anticipate that Butterfly Network, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Butterfly Network

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in Butterfly Network by 742.2% during the 3rd 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. Bank of New York Mellon Corp grew its holdings in shares of Butterfly Network by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 584,338 shares of the company’s stock valued at $690,000 after buying an additional 12,258 shares during the period. Levin Capital Strategies L.P. increased its position in shares of Butterfly Network by 200.0% in the 3rd quarter. Levin Capital Strategies L.P. now owns 75,000 shares of the company’s stock valued at $88,000 after buying an additional 50,000 shares in the last quarter. Centric Wealth Management acquired a new stake in Butterfly Network during the 3rd quarter worth $237,000. Finally, Barclays PLC lifted its holdings in Butterfly Network by 20.9% during the third quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after acquiring an additional 11,112 shares in the last quarter. 37.85% of the stock is owned by institutional investors.

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.