Butterfly Network (BFLY) News Today

Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) Director Larry Robbins acquired 244,774 shares of the stock in a transaction on Friday, August 30th. The shares were bought at an average cost of $1.07 per share, for a total transaction of $261,908.18. Following the purchase, the director now directly owns 9,955,144 shares of the company's stock, valued at approximately $10,652,004.08. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 2,311 call options on the stock. This represents an increase of 975% compared to the average daily volume of 215 call options.

Cetera Advisors LLC bought a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,157,850 shares of the company's stock, valued at approximately $1,250,00

Butterfly Network (NYSE:BFLY - Get Free Report) announced its earnings results on Thursday. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.05. The company had revenue of $21.49 million during the quarter, compared to analysts' expectations of $20.06 million. Butterfly Network had a negative return on equity of 47.83% and a negative net margin of 179.09%. During the same period last year, the business posted ($0.14) EPS.

Butterfly Network (NYSE:BFLY) will be releasing earnings after the market closes on Thursday, August 1, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=610162)

Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 21,620,000 shares, a decline of 10.0% from the May 15th total of 24,020,000 shares. Currently, 14.0% of the shares of the stock are short sold. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is currently 15.1 days.

Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) CTO Andrei G. Stoica sold 11,754 shares of the firm's stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $0.90, for a total transaction of $10,578.60. Following the completion of the sale, the chief technology officer now owns 1,485,804 shares of the company's stock, valued at $1,337,223.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Butterfly Network (NYSE:BFLY - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.05. Butterfly Network had a negative return on equity of 50.87% and a negative net margin of 202.88%. The company had revenue of $17.66 million during the quarter, compared to the consensus estimate of $17.13 million. During the same period in the previous year, the company posted ($0.17) EPS.