Cetera Investment Advisers lifted its position in shares of Butterfly Network, Inc. (NYSE:BFLY – Get Rating) by 5.7% in the second quarter, HoldingsChannel reports. The fund owned 977,520 shares of the company’s stock after buying an additional 52,600 shares during the period. Cetera Investment Advisers’ holdings in Butterfly Network were worth $3,001,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TownSquare Capital LLC bought a new stake in Butterfly Network in the second quarter valued at about $32,000. Oppenheimer & Co. Inc. bought a new stake in Butterfly Network in the first quarter valued at about $65,000. Cambridge Investment Research Advisors Inc. bought a new stake in Butterfly Network in the second quarter valued at about $43,000. Daiwa Securities Group Inc. increased its holdings in Butterfly Network by 45.7% in the first quarter. Daiwa Securities Group Inc. now owns 17,387 shares of the company’s stock valued at $83,000 after purchasing an additional 5,457 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in Butterfly Network by 28.5% in the first quarter. Chicago Partners Investment Group LLC now owns 18,912 shares of the company’s stock valued at $57,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 49.29% of the company’s stock.
Butterfly Network Price Performance
NYSE:BFLY opened at $3.09 on Thursday. Butterfly Network, Inc. has a 1 year low of $2.31 and a 1 year high of $8.72. The stock has a 50-day moving average price of $4.45 and a two-hundred day moving average price of $4.72.
Wall Street Analysts Forecast Growth
Separately, B. Riley began coverage on Butterfly Network in a report on Tuesday, October 4th. They issued a “buy” rating and a $9.50 price objective for the company.
Insider Buying and Selling at Butterfly Network
In other Butterfly Network news, insider Darius Shahida sold 20,139 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $5.49, for a total value of $110,563.11. Following the completion of the transaction, the insider now directly owns 656,793 shares of the company’s stock, valued at $3,605,793.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 26,408 shares of company stock valued at $142,539. Company insiders own 42.11% of the company’s stock.
Butterfly Network Company Profile
Butterfly Network, Inc, a digital health company, 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+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure.
- Get a free copy of the StockNews.com research report on Butterfly Network (BFLY)
- Three CBD Stocks to Dominate a Budding Industry
- Institutional Support for Analog Devices Remains High
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.