Butterfly Network (NYSE:BFLY - Get Free Report) posted its earnings results on Friday. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.03, Zacks reports. Butterfly Network had a negative net margin of 129.25% and a negative return on equity of 42.68%. The business had revenue of $21.23 million for the quarter, compared to analyst estimates of $21.16 million. Butterfly Network updated its FY 2025 guidance to EPS.
Butterfly Network Trading Down 0.9 %
Shares of NYSE BFLY traded down $0.02 during midday trading on Friday, hitting $2.32. 4,855,712 shares of the company's stock were exchanged, compared to its average volume of 2,888,537. The business's fifty day moving average price is $2.56 and its two-hundred day moving average price is $3.06. The company has a market cap of $563.58 million, a price-to-earnings ratio of -5.04 and a beta of 2.60. Butterfly Network has a 12-month low of $0.82 and a 12-month high of $4.98.
Insider Buying and Selling at Butterfly Network
In other news, CEO Joseph Devivo sold 320,215 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $2.44, for a total transaction of $781,324.60. Following the completion of the sale, the chief executive officer now owns 7,249,789 shares of the company's stock, valued at approximately $17,689,485.16. This represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.28% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Separately, William Blair began coverage on shares of Butterfly Network in a report on Monday, March 17th. They issued an "outperform" rating on the stock.
Read Our Latest Analysis on BFLY
About Butterfly Network
(
Get Free Report)
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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