127,430 Shares in Butterfly Network, Inc. (NYSE:BFLY) Acquired by White Pine Capital LLC

White Pine Capital LLC bought a new position in shares of Butterfly Network, Inc. (NYSE:BFLY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 127,430 shares of the company’s stock, valued at approximately $398,000. White Pine Capital LLC owned approximately 0.06% of Butterfly Network at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BFLY. Charles Schwab Investment Management Inc. increased its holdings in Butterfly Network by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 955,331 shares of the company’s stock worth $1,691,000 after purchasing an additional 35,800 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Butterfly Network during the fourth quarter worth approximately $287,000. Calamos Advisors LLC acquired a new stake in Butterfly Network in the fourth quarter valued at approximately $525,000. XTX Topco Ltd lifted its stake in Butterfly Network by 169.7% in the third quarter. XTX Topco Ltd now owns 360,392 shares of the company’s stock worth $638,000 after acquiring an additional 226,781 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in Butterfly Network by 22.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 258,920 shares of the company’s stock worth $458,000 after acquiring an additional 46,630 shares in the last quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Butterfly Network Price Performance

Shares of NYSE BFLY opened at $4.65 on Friday. The stock’s 50-day simple moving average is $3.72 and its 200-day simple moving average is $2.50. Butterfly Network, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $4.79.

Insider Transactions at Butterfly Network

In related news, insider Steve Cashman sold 164,079 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $502,081.74. Following the completion of the transaction, the insider now owns 1,835,921 shares of the company’s stock, valued at approximately $5,617,918.26. The trade was a 8.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Heather C. Getz sold 30,136 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $92,216.16. Following the completion of the transaction, the chief financial officer now owns 2,669,333 shares in the company, valued at approximately $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 27.28% of the company’s stock.

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.