AMH Equity Ltd Invests $624,000 in Butterfly Network, Inc. (NYSE:BFLY)

AMH Equity Ltd acquired a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 200,000 shares of the company’s stock, valued at approximately $624,000. AMH Equity Ltd owned approximately 0.09% of Butterfly Network as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. XTX Topco Ltd lifted its position 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 purchasing an additional 226,781 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Butterfly Network in the fourth quarter valued at $525,000. White Pine Capital LLC acquired a new stake in shares of Butterfly Network in the fourth quarter valued at $398,000. Baader Bank Aktiengesellschaft bought a new position in Butterfly Network during the fourth quarter valued at about $287,000. Finally, Geode Capital Management LLC grew its holdings in Butterfly Network by 4.0% during the third quarter. Geode Capital Management LLC now owns 1,721,723 shares of the company’s stock worth $3,049,000 after acquiring an additional 65,425 shares during the period. Institutional investors and hedge funds own 37.85% of the company’s stock.

Insider Buying and Selling

In related news, insider Steve Cashman sold 164,079 shares of Butterfly Network stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.06, for a total value of $502,081.74. Following the transaction, the insider now directly owns 1,835,921 shares in the company, valued at $5,617,918.26. The trade was a 8.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Heather C. Getz sold 30,136 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $92,216.16. Following the sale, the chief financial officer now directly owns 2,669,333 shares of the company’s stock, valued at approximately $8,168,158.98. This 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 Trading Up 6.3 %

Shares of NYSE BFLY opened at $3.97 on Thursday. Butterfly Network, Inc. has a twelve month low of $0.67 and a twelve month high of $4.98. The firm has a 50-day moving average of $3.89 and a two-hundred day moving average of $2.72. The company has a market capitalization of $844.79 million, a price-to-earnings ratio of -8.62 and a beta of 2.47.

About Butterfly Network

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.