41,813 Shares in Butterfly Network, Inc. (NYSE:BFLY) Purchased by Allspring Global Investments Holdings LLC

Posted by on Oct 19th, 2023

Allspring Global Investments Holdings LLC bought a new stake in Butterfly Network, Inc. (NYSE:BFLY – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,813 shares of the company’s stock, valued at approximately $96,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Butterfly Network by 12.9% during the 1st quarter. JPMorgan Chase & Co. now owns 115,044 shares of the company’s stock worth $547,000 after purchasing an additional 13,149 shares during the last quarter. Raymond James & Associates raised its holdings in Butterfly Network by 21.4% in the 1st quarter. Raymond James & Associates now owns 523,185 shares of the company’s stock valued at $2,490,000 after acquiring an additional 92,240 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Butterfly Network by 50.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 68,328 shares of the company’s stock valued at $325,000 after acquiring an additional 22,931 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Butterfly Network by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 428,825 shares of the company’s stock worth $2,041,000 after buying an additional 9,936 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Butterfly Network during the 1st quarter worth $65,000. Institutional investors and hedge funds own 41.73% of the company’s stock.

Butterfly Network Stock Down 8.5 %

Shares of BFLY opened at $0.81 on Thursday. Butterfly Network, Inc. has a 12-month low of $0.80 and a 12-month high of $5.13. The business has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $1.99. The stock has a market cap of $168.34 million, a PE ratio of -1.09 and a beta of 1.87.

Butterfly Network (NYSE:BFLY – Get Free Report) last issued its earnings results on Thursday, August 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.03. Butterfly Network had a negative return on equity of 48.49% and a negative net margin of 207.62%. The business had revenue of $18.49 million during the quarter, compared to analysts’ expectations of $17.37 million. On average, equities research analysts expect that Butterfly Network, Inc. will post -0.59 EPS for the current year.

About Butterfly Network

(Free Report)

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+, 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.

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Institutional Ownership by Quarter for Butterfly Network (NYSE:BFLY)

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