Zazove Associates LLC raised its stake in shares of Butterfly Network, Inc. (NYSE:BFLY – Free Report) by 1,060.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,449 shares of the company’s stock after buying an additional 530,449 shares during the quarter. Zazove Associates LLC owned about 0.28% of Butterfly Network worth $627,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of BFLY. Pathstone Family Office LLC grew its stake in Butterfly Network by 162.9% in the third quarter. Pathstone Family Office LLC now owns 52,833 shares of the company’s stock valued at $62,000 after acquiring an additional 32,733 shares during the period. ARK Investment Management LLC grew its position in shares of Butterfly Network by 7.7% in the 4th quarter. ARK Investment Management LLC now owns 13,688,534 shares of the company’s stock valued at $14,784,000 after purchasing an additional 973,260 shares during the period. Quent Capital LLC increased its stake in Butterfly Network by 37.7% during the 4th quarter. Quent Capital LLC now owns 73,000 shares of the company’s stock worth $79,000 after purchasing an additional 20,000 shares in the last quarter. Capital Investment Advisors LLC increased its stake in Butterfly Network by 24.1% during the 4th quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock worth $56,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in Butterfly Network by 20.9% during the 3rd quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after buying an additional 11,112 shares during the period. 37.85% of the stock is currently owned by institutional investors and hedge funds.
Butterfly Network Trading Down 9.0 %
Shares of Butterfly Network stock traded down $0.08 during trading on Wednesday, reaching $0.82. The stock had a trading volume of 1,432,751 shares, compared to its average volume of 1,723,738. The company has a market capitalization of $170.54 million, a price-to-earnings ratio of -1.26 and a beta of 2.04. The stock has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.03. Butterfly Network, Inc. has a 52 week low of $0.76 and a 52 week high of $2.79.
About Butterfly Network
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.
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