Vanguard Group Inc. Grows Holdings in Butterfly Network, Inc. (NYSE:BFLY)

Vanguard Group Inc. lifted its position in Butterfly Network, Inc. (NYSE:BFLY - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,437,176 shares of the company's stock after buying an additional 109,842 shares during the period. Vanguard Group Inc. owned about 3.49% of Butterfly Network worth $23,204,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new position in Butterfly Network during the 4th quarter valued at about $34,000. Verdence Capital Advisors LLC purchased a new position in shares of Butterfly Network during the fourth quarter valued at approximately $41,000. Barclays PLC lifted its position in Butterfly Network by 27,790.0% during 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 period. HBK Sorce Advisory LLC purchased a new stake in Butterfly Network in the fourth quarter worth approximately $45,000. Finally, SG Americas Securities LLC bought a new stake in Butterfly Network in the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 37.85% of the company's stock.

Butterfly Network Stock Performance

Shares of NYSE BFLY traded down $0.02 during midday trading on Friday, hitting $2.34. 2,121,449 shares of the company's stock traded hands, compared to its average volume of 2,877,452. The stock has a market capitalization of $567.23 million, a price-to-earnings ratio of -5.08 and a beta of 2.60. The firm has a fifty day moving average of $2.98 and a 200 day moving average of $3.04. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $4.98.

Analyst Upgrades and Downgrades

Separately, William Blair assumed coverage on Butterfly Network in a report on Monday, March 17th. They set an "outperform" rating on the stock.

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.