XTX Topco Ltd Lowers Stock Holdings in Butterfly Network, Inc. (NYSE:BFLY)

XTX Topco Ltd cut its stake in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,183 shares of the company's stock after selling 227,209 shares during the quarter. XTX Topco Ltd owned 0.06% of Butterfly Network worth $416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Butterfly Network by 27,790.0% in the 3rd quarter. Barclays PLC now owns 25,101 shares of the company's stock valued at $44,000 after buying an additional 25,011 shares during the period. Geode Capital Management LLC boosted its position in shares of Butterfly Network by 4.0% during the 3rd 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 in the last quarter. Green Alpha Advisors LLC grew its stake in shares of Butterfly Network by 15.7% during the 4th quarter. Green Alpha Advisors LLC now owns 185,996 shares of the company's stock worth $580,000 after purchasing an additional 25,212 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Butterfly Network in the fourth quarter valued at about $46,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in shares of Butterfly Network in the fourth quarter valued at about $70,000. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Butterfly Network Stock Down 2.0 %

Shares of Butterfly Network stock traded down $0.05 on Friday, hitting $2.43. The company's stock had a trading volume of 1,967,073 shares, compared to its average volume of 2,877,198. The firm has a fifty day moving average price of $2.75 and a 200-day moving average price of $3.06. The company has a market capitalization of $590.30 million, a P/E ratio of -5.28 and a beta of 2.60. Butterfly Network, Inc. has a 52-week low of $0.77 and a 52-week high of $4.98.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of Butterfly Network in a report on Monday, March 17th. They issued an "outperform" rating for the company.

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.