Calamos Advisors LLC Makes New $525,000 Investment in Butterfly Network, Inc. (NYSE:BFLY)

Calamos Advisors LLC purchased a new position in Butterfly Network, Inc. (NYSE:BFLY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 168,397 shares of the company’s stock, valued at approximately $525,000.

A number of other institutional investors have also bought and sold shares of BFLY. Hartline Investment Corp increased its stake in Butterfly Network by 87.0% in the 3rd quarter. Hartline Investment Corp now owns 21,500 shares of the company’s stock worth $38,000 after buying an additional 10,000 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Butterfly Network in the 3rd quarter worth $44,000. Barclays PLC increased its stake in Butterfly Network by 27,790.0% in the 3rd quarter. Barclays PLC now owns 25,101 shares of the company’s stock worth $44,000 after buying an additional 25,011 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Butterfly Network during the fourth quarter valued at about $46,000. Finally, Verition Fund Management LLC purchased a new position in shares of Butterfly Network during the third quarter valued at about $57,000. Hedge funds and other institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Down 1.9 %

Shares of Butterfly Network stock opened at $4.50 on Thursday. The firm has a market cap of $957.70 million, a price-to-earnings ratio of -9.77 and a beta of 2.47. The business has a 50-day moving average price of $3.60 and a 200-day moving average price of $2.38. Butterfly Network, Inc. has a twelve month low of $0.67 and a twelve month high of $4.79.

Insider Buying and Selling

In other Butterfly Network news, CFO Heather C. Getz sold 30,136 shares of the firm’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 $92,216.16. Following the completion of the sale, the chief financial officer now owns 2,669,333 shares of the company’s stock, valued at $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steve Cashman sold 164,079 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.06, for a total transaction of $502,081.74. Following the completion of the sale, the insider now directly 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 disclosure for this sale can be found here. 27.28% of the stock is currently owned by company insiders.

Butterfly Network 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.