AMH Equity Ltd Makes New Investment in Butterfly Network, Inc. (NYSE:BFLY)

AMH Equity Ltd bought a new stake in Butterfly Network, Inc. (NYSE:BFLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $624,000.

Several other hedge funds and other institutional investors have also modified their holdings of BFLY. Cannon Global Investment Management LLC purchased a new stake in shares of Butterfly Network in the third quarter worth approximately $100,000. Hartline Investment Corp increased its stake in Butterfly Network by 87.0% in the 3rd quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the period. Oppenheimer & Co. Inc. lifted its position in Butterfly Network by 22.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 258,920 shares of the company’s stock worth $458,000 after buying an additional 46,630 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Butterfly Network by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock valued at $1,691,000 after buying an additional 35,800 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Butterfly Network during the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

Butterfly Network Trading Up 6.3 %

NYSE BFLY opened at $3.97 on Thursday. Butterfly Network, Inc. has a 1-year low of $0.67 and a 1-year high of $4.98. The firm’s fifty day simple moving average is $3.89 and its 200-day simple moving average is $2.72. The company has a market capitalization of $844.79 million, a PE ratio of -8.62 and a beta of 2.47.

Insider Buying and Selling at Butterfly Network

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of Butterfly Network stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $92,216.16. Following the completion of the sale, the chief financial officer now directly owns 2,669,333 shares in the company, valued at $8,168,158.98. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steve Cashman sold 164,079 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $502,081.74. Following the completion of the sale, the insider now directly owns 1,835,921 shares of the company’s stock, valued at $5,617,918.26. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 27.28% of the company’s stock.

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.