Butterfly Network (BFLY) to Release Quarterly Earnings on Friday

Butterfly Network (NYSE:BFLY) is anticipated to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $21.97 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Butterfly Network Stock Performance

Shares of NYSE BFLY opened at $3.97 on Thursday. The stock has a market cap of $844.79 million, a PE ratio of -8.62 and a beta of 2.47. Butterfly Network has a fifty-two week low of $0.67 and a fifty-two week high of $4.98. The stock has a fifty day moving average of $3.89 and a 200-day moving average of $2.72.

Insider Activity at Butterfly Network

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of the company’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 $92,216.16. Following the transaction, the chief financial officer now owns 2,669,333 shares in the company, valued at approximately $8,168,158.98. This represents a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steve Cashman sold 164,079 shares of the company’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 value of $502,081.74. Following the transaction, the insider now owns 1,835,921 shares in the company, valued at $5,617,918.26. This trade 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 corporate insiders.

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.