SBI Securities Co. Ltd. Invests $493,000 in Butterfly Network, Inc. (NYSE:BFLY)

SBI Securities Co. Ltd. bought a new position in shares of Butterfly Network, Inc. (NYSE:BFLY) in the fourth quarter, HoldingsChannel reports. The firm bought 157,883 shares of the company’s stock, valued at approximately $493,000.

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in Butterfly Network in the fourth quarter worth about $34,000. SG Americas Securities LLC bought a new position in Butterfly Network in the fourth quarter worth about $46,000. Hartline Investment Corp raised its stake in Butterfly Network by 87.0% in the third quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new position in Butterfly Network in the fourth quarter worth about $70,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Butterfly Network in the third quarter worth about $44,000. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the completion of the transaction, the chief financial officer now owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steve Cashman sold 164,079 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the transaction, 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 position. The disclosure for this sale can be found here. 27.28% of the stock is owned by insiders.

Butterfly Network Price Performance

BFLY stock opened at $3.03 on Wednesday. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $4.98. The company has a market cap of $644.51 million, a P/E ratio of -6.58 and a beta of 2.47. The firm has a 50-day moving average of $3.92 and a 200 day moving average of $2.80.

Butterfly Network 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.