William Blair assumed coverage on shares of Butterfly Network (NYSE:BFLY – Free Report) in a research report released on Monday morning, MarketBeat reports. The brokerage issued an outperform rating on the stock.
Butterfly Network Trading Up 0.9 %
BFLY stock opened at $2.71 on Monday. The stock has a 50-day moving average price of $3.78 and a 200-day moving average price of $2.92. Butterfly Network has a 1-year low of $0.67 and a 1-year high of $4.98. The firm has a market cap of $657.11 million, a PE ratio of -5.88 and a beta of 2.48.
Insider Transactions at Butterfly Network
In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of Butterfly Network stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $92,216.16. Following the completion of the transaction, the chief financial officer now owns 2,669,333 shares in the company, valued at approximately $8,168,158.98. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steve Cashman sold 164,079 shares of Butterfly Network 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 transaction, the insider now owns 1,835,921 shares of the company’s stock, 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. Corporate insiders own 27.28% of the company’s stock.
Hedge Funds Weigh In On Butterfly Network
Butterfly Network Company 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.
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