Butterfly Network, Inc. (NYSE:BFLY) Holdings Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of Butterfly Network, Inc. (NYSE:BFLY – Free Report) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,849 shares of the company’s stock after buying an additional 9,055 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.07% of Butterfly Network worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BFLY. B. Riley Wealth Advisors Inc. bought a new stake in shares of Butterfly Network during the 4th quarter worth about $26,000. Creative Planning bought a new stake in shares of Butterfly Network in the 2nd quarter worth approximately $33,000. Advisory Services Network LLC raised its holdings in shares of Butterfly Network by 134.4% in the 1st quarter. Advisory Services Network LLC now owns 18,660 shares of the company’s stock worth $35,000 after purchasing an additional 10,700 shares in the last quarter. Man Group plc bought a new stake in shares of Butterfly Network in the 4th quarter worth approximately $47,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Butterfly Network in the 3rd quarter worth approximately $48,000. 41.73% of the stock is currently owned by institutional investors.

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Butterfly Network Price Performance

NYSE BFLY opened at $1.12 on Friday. The company’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.86. Butterfly Network, Inc. has a 12 month low of $0.76 and a 12 month high of $4.04. The company has a market capitalization of $231.43 million, a P/E ratio of -1.49 and a beta of 1.93.

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

Butterfly Network Company Profile

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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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