Butterfly Network, Inc. (NYSE:BFLY – Get Rating) insider Lawrence T. Weiss sold 52,296 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $2.22, for a total transaction of $116,097.12. Following the completion of the sale, the insider now owns 1,264,493 shares of the company’s stock, valued at approximately $2,807,174.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Butterfly Network Stock Performance
NYSE:BFLY traded up $0.11 during mid-day trading on Friday, reaching $2.32. The stock had a trading volume of 1,502,720 shares, compared to its average volume of 2,625,799. The firm has a market capitalization of $473.12 million, a price-to-earnings ratio of -2.94 and a beta of 1.74. Butterfly Network, Inc. has a twelve month low of $1.63 and a twelve month high of $8.72. The business has a 50 day simple moving average of $2.14 and a 200 day simple moving average of $2.47.
Butterfly Network (NYSE:BFLY – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.04. Butterfly Network had a negative net margin of 215.28% and a negative return on equity of 46.69%. The firm had revenue of $18.98 million during the quarter, compared to the consensus estimate of $20.11 million. As a group, sell-side analysts expect that Butterfly Network, Inc. will post -0.66 earnings per share for the current year.
Institutional Investors Weigh In On Butterfly Network
Analyst Upgrades and Downgrades
Separately, UBS Group started coverage on shares of Butterfly Network in a research report on Tuesday, March 28th. They issued a “neutral” rating and a $2.25 price objective for the company.
About Butterfly Network
Butterfly Network, Inc, a digital health company, 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+, a point-of-care ultrasound imaging device that connects with a smartphone, tablet, and hospital computer system; and Butterfly Blueprint, a system-wide ultrasound platform with Compass software that integrates into a healthcare system's clinical and administrative infrastructure.
- Get a free copy of the StockNews.com research report on Butterfly Network (BFLY)
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