Y Intercept Hong Kong Ltd Takes $34,000 Position in Butterfly Network, Inc. (NYSE:BFLY)

Y Intercept Hong Kong Ltd purchased a new stake in Butterfly Network, Inc. (NYSE:BFLY) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,025 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartline Investment Corp grew its position in shares of Butterfly Network by 87.0% in the third quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock valued at $38,000 after purchasing an additional 10,000 shares during the last quarter. Barclays PLC grew its position in shares of Butterfly Network by 27,790.0% in the third quarter. Barclays PLC now owns 25,101 shares of the company’s stock valued at $44,000 after purchasing an additional 25,011 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Butterfly Network in the third quarter valued at about $44,000. SG Americas Securities LLC acquired a new stake in shares of Butterfly Network in the fourth quarter valued at about $46,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Butterfly Network in the third quarter valued at about $57,000. 37.85% of the stock is owned by institutional investors and hedge funds.

Butterfly Network Stock Performance

Shares of NYSE:BFLY opened at $3.18 on Thursday. The company has a market cap of $676.47 million, a P/E ratio of -6.90 and a beta of 2.47. The stock’s 50-day moving average is $3.92 and its 200-day moving average is $2.81. Butterfly Network, Inc. has a 52-week low of $0.67 and a 52-week high of $4.98.

Insider Activity at Butterfly Network

In related news, insider Steve Cashman sold 164,079 shares of the stock in a transaction dated 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 owns 1,835,921 shares in the company, valued at approximately $5,617,918.26. This trade represents a 8.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Heather C. Getz sold 30,136 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the completion of the sale, the chief financial officer now owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. The trade was a 1.12 % decrease in their position. 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.