Russell Investments Group Ltd. bought a new stake in Butterfly Network, Inc. (NYSE:BFLY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 349,336 shares of the company's stock, valued at approximately $1,090,000. Russell Investments Group Ltd. owned 0.16% of Butterfly Network as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in BFLY. Raymond James Financial Inc. bought a new stake in Butterfly Network in the fourth quarter valued at about $3,154,000. AMH Equity Ltd bought a new stake in shares of Butterfly Network in the 4th quarter valued at about $624,000. Calamos Advisors LLC acquired a new stake in shares of Butterfly Network in the 4th quarter valued at approximately $525,000. SBI Securities Co. Ltd. bought a new position in Butterfly Network during the 4th quarter worth approximately $493,000. Finally, White Pine Capital LLC acquired a new position in Butterfly Network during the fourth quarter valued at approximately $398,000. Institutional investors own 37.85% of the company's stock.
Butterfly Network Stock Performance
NYSE BFLY traded down $0.05 during trading hours on Friday, reaching $2.43. 1,967,073 shares of the company's stock were exchanged, compared to its average volume of 2,872,523. The company has a market capitalization of $590.30 million, a price-to-earnings ratio of -5.28 and a beta of 2.60. The company's 50-day moving average is $2.75 and its two-hundred day moving average is $3.04. Butterfly Network, Inc. has a one year low of $0.71 and a one year high of $4.98.
Wall Street Analysts Forecast Growth
Separately, William Blair began coverage on shares of Butterfly Network in a research report on Monday, March 17th. They issued an "outperform" rating for the company.
Read Our Latest Analysis on Butterfly Network
About Butterfly Network
(
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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