Capital World Investors Buys Shares of 1,358,623 Butterfly Network, Inc. (NYSE:BFLY)

Capital World Investors purchased a new position in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,358,623 shares of the company's stock, valued at approximately $4,239,000. Capital World Investors owned approximately 0.64% of Butterfly Network at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BFLY. Barclays PLC lifted its position 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 valued at $44,000 after acquiring an additional 25,011 shares during the period. Geode Capital Management LLC lifted its position in Butterfly Network by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company's stock worth $3,049,000 after purchasing an additional 65,425 shares during the period. Green Alpha Advisors LLC grew its stake in Butterfly Network by 15.7% during the fourth quarter. Green Alpha Advisors LLC now owns 185,996 shares of the company's stock worth $580,000 after buying an additional 25,212 shares in the last quarter. SG Americas Securities LLC bought a new position in Butterfly Network in the 4th quarter valued at about $46,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Butterfly Network in the 4th quarter valued at approximately $70,000. Institutional investors own 37.85% of the company's stock.

Butterfly Network Price Performance

Shares of BFLY stock traded down $0.04 on Monday, hitting $2.41. 633,979 shares of the company's stock were exchanged, compared to its average volume of 2,868,558. The company has a 50 day moving average of $2.75 and a 200 day moving average of $3.06. The stock has a market cap of $584.23 million, a P/E ratio of -5.21 and a beta of 2.60. Butterfly Network, Inc. has a 12 month low of $0.77 and a 12 month high of $4.98.

Analyst Ratings Changes

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

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.