Blair William & Co. IL Acquires 35,200 Shares of Butterfly Network, Inc. (NYSE:BFLY)

Blair William & Co. IL boosted its stake in Butterfly Network, Inc. (NYSE:BFLY) by 91.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,500 shares of the company’s stock after purchasing an additional 35,200 shares during the quarter. Blair William & Co. IL’s holdings in Butterfly Network were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Butterfly Network by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 7,437,176 shares of the company’s stock valued at $23,204,000 after buying an additional 109,842 shares during the period. Geode Capital Management LLC grew its stake in Butterfly Network by 4.0% in the third quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company’s stock valued at $3,049,000 after acquiring an additional 65,425 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Butterfly Network in the fourth quarter worth about $3,154,000. Charles Schwab Investment Management Inc. raised its position in shares of Butterfly Network by 3.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock worth $1,691,000 after purchasing an additional 35,800 shares during the period. Finally, XTX Topco Ltd lifted its holdings in shares of Butterfly Network by 169.7% during the 3rd quarter. XTX Topco Ltd now owns 360,392 shares of the company’s stock valued at $638,000 after purchasing an additional 226,781 shares in the last quarter. 37.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair started coverage on Butterfly Network in a research note on Monday, March 17th. They set an “outperform” rating for the company.

Butterfly Network Stock Down 3.8 %

Shares of NYSE:BFLY opened at $2.04 on Friday. The firm has a market cap of $495.56 million, a price-to-earnings ratio of -4.43 and a beta of 2.60. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $4.98. The company’s fifty day simple moving average is $3.40 and its 200 day simple moving average is $2.99.

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.