Butterfly Network, Inc. (NASDAQ:BFLY) Insider Darius Shahida Sells 16,069 Shares

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Insider Darius Shahida of Butterfly Network, Inc. (NASDAQ:BFLY – Get Rating) sold 16,069 shares of the company in a trade on Tuesday, June 21. The shares were sold at an average price of $3.18, for a total value of $51,099.42. Following completion of the transaction, the insider now owns 676,932 shares of the company, valued at approximately $2,152,643.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.

Shares of Butterfly Network opened at $3.48 on Friday. The stock has a 50-day moving average price of $3.28 and a 200-day moving average price of $4.83. Butterfly Network, Inc. has a 52-week low of $2.31 and a 52-week high of $14.71.

Butterfly Network (NASDAQ:BFLY – Get Rating) last released its quarterly earnings data on Thursday, May 5. The company reported ($0.22) EPS for the quarter. The company posted revenue of $15.57 million for the quarter. Butterfly Network had a negative return on equity of 24.95% and a negative net margin of 115.98%. During the same period of the previous year, the company posted EPS ($0.46). As a group, sell-side analysts expect Butterfly Network, Inc. to post -1.12 earnings per share for the current year.

Separately, Cowen lowered its price target on Butterfly Network from $12.00 to $7.00 in a Wednesday, May 11 research report.

A number of institutional investors have been buying and selling stocks recently. Bank of America Corp DE increased its stake in Butterfly Network by 32.8% in the first quarter. Bank of America Corp DE now owns 156,046 shares of the company valued at $743,000 after purchasing an additional 38,528 shares during the period. Chicago Partners Investment Group LLC increased its stake in Butterfly Network by 28.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 18,912 shares of the company valued at $57,000 after purchasing an additional 4,200 shares during the period. Virtu Financial LLC increased its stake in Butterfly Network by 71.5% in Q1. Virtu Financial LLC now owns 32,144 shares of the company valued at $153,000 after purchasing an additional 13,396 shares during the period. Quantbot Technologies LP acquired a new stake in Butterfly Network in Q1 valued at approximately $163,000. Finally, Glenview Capital Management LLC increased its stake in Butterfly Network by 10.1% in the 1st quarter. Glenview Capital Management LLC now owns 5,464,751 shares of the company valued at $26,012,000 after purchasing an additional 500,000 shares during the period. Hedge funds and other institutional investors own 61.04% of the company’s shares.

About the Butterfly Network (Get a rating)

Butterfly Network, Inc, a digital health company, develops, manufactures and markets ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a portable, single-probe whole-body ultrasound system; Butterfly iQ+, a point-of-care ultrasound imaging device that connects to a smartphone, tablet and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates with the clinical and administrative infrastructure of a healthcare system.

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Insider buying and selling by quarter for Butterfly Network (NASDAQ:BFLY)



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