13,198 Shares in Butterfly Network, Inc. (NYSE:BFLY) Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new stake in Butterfly Network, Inc. (NYSE:BFLY) in the fourth quarter, HoldingsChannel reports. The fund bought 13,198 shares of the company’s stock, valued at approximately $41,000.

Several other large investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd bought a new position in shares of Butterfly Network during the 4th quarter valued at about $34,000. Hartline Investment Corp raised its holdings in Butterfly Network by 87.0% during 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 during the period. Barclays PLC lifted its stake in Butterfly Network by 27,790.0% in the third quarter. Barclays PLC now owns 25,101 shares of the company’s stock valued at $44,000 after buying an additional 25,011 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Butterfly Network in the third quarter valued at approximately $44,000. Finally, SG Americas Securities LLC bought a new stake in shares of Butterfly Network during the fourth quarter worth $46,000. 37.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Butterfly Network

In other news, insider Steve Cashman sold 164,079 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the completion of the transaction, the insider now directly owns 1,835,921 shares of the company’s stock, valued at $5,617,918.26. This trade represents a 8.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Heather C. Getz sold 30,136 shares of Butterfly Network stock in a transaction that occurred on 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 sale, the chief financial officer now owns 2,669,333 shares in the company, valued at $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. Company insiders own 27.28% of the company’s stock.

Butterfly Network Stock Down 1.6 %

Shares of NYSE:BFLY opened at $2.85 on Friday. The firm has a market cap of $606.16 million, a price-to-earnings ratio of -6.18 and a beta of 2.48. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $4.98. The company’s fifty day simple moving average is $3.91 and its 200 day simple moving average is $2.81.

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.