Hartline Investment Corp Has $36,000 Stake in Butterfly Network, Inc. (NYSE:BFLY)

Hartline Investment Corp decreased its holdings in Butterfly Network, Inc. (NYSE:BFLY) by 46.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,500 shares of the company’s stock after selling 10,000 shares during the period. Hartline Investment Corp’s holdings in Butterfly Network were worth $36,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Procyon Advisors LLC raised its stake in Butterfly Network by 7.3% in the 3rd quarter. Procyon Advisors LLC now owns 81,882 shares of the company’s stock worth $145,000 after purchasing an additional 5,600 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Butterfly Network in the 4th quarter valued at approximately $46,000. Kingswood Wealth Advisors LLC acquired a new position in shares of Butterfly Network in the 4th quarter valued at approximately $70,000. Kovitz Investment Group Partners LLC acquired a new position in shares of Butterfly Network in the 3rd quarter valued at approximately $44,000. Finally, Barclays PLC raised its position in shares of Butterfly Network by 27,790.0% in the 3rd quarter. Barclays PLC now owns 25,101 shares of the company’s stock valued at $44,000 after buying an additional 25,011 shares in the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

Butterfly Network Trading Down 4.7 %

BFLY stock opened at $4.14 on Tuesday. The company has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $2.45. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $4.79.

Insider Buying and Selling

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of the business’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 sale, the chief financial officer now directly owns 2,669,333 shares of the company’s stock, valued at $8,168,158.98. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 sale, the insider now directly owns 1,835,921 shares in the company, valued at $5,617,918.26. The trade was a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 27.28% of the stock is owned by corporate insiders.

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.