Butterfly Network, Inc. (NYSE:BFLY) Stake Lifted by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Butterfly Network, Inc. (NYSE:BFLY) by 42.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in Butterfly Network were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Butterfly Network by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 7,885,238 shares of the company’s stock worth $8,516,000 after buying an additional 218,720 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Butterfly Network by 645.1% in the first quarter. Oppenheimer & Co. Inc. now owns 87,180 shares of the company’s stock worth $94,000 after purchasing an additional 75,480 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of Butterfly Network by 3.0% in the first quarter. GSA Capital Partners LLP now owns 559,008 shares of the company’s stock worth $604,000 after purchasing an additional 16,496 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Butterfly Network by 15.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 421,296 shares of the company’s stock worth $455,000 after purchasing an additional 55,892 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Butterfly Network in the fourth quarter worth $28,000. 37.85% of the stock is currently owned by institutional investors.

Butterfly Network Trading Down 1.8 %

Shares of NYSE:BFLY traded down $0.02 on Tuesday, hitting $1.12. The company’s stock had a trading volume of 805,849 shares, compared to its average volume of 1,806,041. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $2.59. The stock’s 50-day moving average is $1.00 and its two-hundred day moving average is $1.01.

Butterfly Network (NYSE:BFLY) last released its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.05. Butterfly Network had a negative return on equity of 47.83% and a negative net margin of 179.09%. The company had revenue of $17.66 million during the quarter, compared to analysts’ expectations of $17.13 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. Equities analysts predict that Butterfly Network, Inc. will post -0.42 earnings per share for the current year.

Insider Transactions at Butterfly Network

In other news, CFO Heather C. Getz sold 59,848 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $0.95, for a total value of $56,855.60. Following the completion of the sale, the chief financial officer now owns 2,699,469 shares in the company, valued at $2,564,495.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 76,668 shares of company stock valued at $72,010. 27.28% of the stock is currently owned by corporate insiders.

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.