SG Americas Securities LLC Makes New Investment in Butterfly Network, Inc. (NYSE:BFLY)

SG Americas Securities LLC acquired a new stake in Butterfly Network, Inc. (NYSE:BFLY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,759 shares of the company’s stock, valued at approximately $46,000.

Other hedge funds have also recently modified their holdings of the company. Hartline Investment Corp grew its holdings in shares of Butterfly Network by 87.0% during the third quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock valued at $38,000 after buying an additional 10,000 shares during the last quarter. Barclays PLC boosted its stake in shares of Butterfly Network by 27,790.0% during the 3rd quarter. Barclays PLC now owns 25,101 shares of the company’s stock worth $44,000 after acquiring an additional 25,011 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Butterfly Network during the 3rd quarter worth $44,000. Verition Fund Management LLC bought a new stake in shares of Butterfly Network during the 3rd quarter valued at $57,000. Finally, Cannon Global Investment Management LLC bought a new stake in shares of Butterfly Network during the 3rd quarter valued at $100,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Performance

Shares of NYSE BFLY opened at $4.77 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of -10.36 and a beta of 2.47. The firm’s fifty day moving average is $3.75 and its two-hundred day moving average is $2.53. Butterfly Network, Inc. has a 52-week low of $0.67 and a 52-week high of $4.95.

Insider Buying and Selling

In other Butterfly Network news, insider Steve Cashman sold 164,079 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the transaction, the insider now owns 1,835,921 shares in the company, valued at approximately $5,617,918.26. This represents a 8.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Heather C. Getz sold 30,136 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the transaction, the chief financial officer now owns 2,669,333 shares in the company, valued at $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.