Alpine Global Management LLC Invests $95,000 in Butterfly Network, Inc. (NYSE:BFLY)

Alpine Global Management LLC bought a new stake in Butterfly Network, Inc. (NYSE:BFLY) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 30,575 shares of the company’s stock, valued at approximately $95,000.

Several other large investors have also modified their holdings of BFLY. Y Intercept Hong Kong Ltd acquired a new stake in Butterfly Network during the fourth quarter valued at approximately $34,000. Verdence Capital Advisors LLC bought a new position in Butterfly Network during the fourth quarter worth $41,000. HBK Sorce Advisory LLC acquired a new position in Butterfly Network in the fourth quarter worth $45,000. SG Americas Securities LLC bought a new stake in Butterfly Network during the fourth quarter valued at $46,000. Finally, Sound View Wealth Advisors Group LLC raised its holdings in shares of Butterfly Network by 18.5% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 16,000 shares of the company’s stock worth $50,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 37.85% of the company’s stock.

Butterfly Network Trading Up 3.5 %

Shares of Butterfly Network stock opened at $2.37 on Wednesday. The stock has a market capitalization of $575.73 million, a price-to-earnings ratio of -5.15 and a beta of 2.60. Butterfly Network, Inc. has a twelve month low of $0.67 and a twelve month high of $4.98. The business’s 50 day simple moving average is $2.89 and its 200-day simple moving average is $3.03.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of Butterfly Network in a report on Monday, March 17th. They issued an “outperform” rating for the company.

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.