Butterfly Network, Inc. (NYSE:BFLY) Shares Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. increased its stake in shares of Butterfly Network, Inc. (NYSE:BFLY) by 41.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 85,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Butterfly Network were worth $265,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of Butterfly Network by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company’s stock worth $3,049,000 after buying an additional 65,425 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Butterfly Network by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock valued at $1,691,000 after acquiring an additional 35,800 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Butterfly Network by 169.7% during the 3rd quarter. XTX Topco Ltd now owns 360,392 shares of the company’s stock valued at $638,000 after acquiring an additional 226,781 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Butterfly Network by 14.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 295,126 shares of the company’s stock valued at $921,000 after acquiring an additional 36,206 shares during the last quarter. Finally, AMH Equity Ltd acquired a new stake in Butterfly Network during the 4th quarter worth approximately $624,000. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Butterfly Network Stock Performance

BFLY opened at $3.63 on Friday. The company has a market cap of $772.35 million, a PE ratio of -7.88 and a beta of 2.47. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $4.98. The firm has a 50 day moving average price of $3.92 and a 200 day moving average price of $2.76.

Insider Activity

In related news, CFO Heather C. Getz sold 30,136 shares of the firm’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 $92,216.16. Following the transaction, the chief financial officer now directly 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 position. The sale was disclosed in a legal filing 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 value of $502,081.74. Following the completion of the sale, the insider now directly 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. Company insiders own 27.28% of the company’s stock.

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.