Butterfly Network, Inc. (NASDAQ:BFLY) COO Sells $2,119,838.00 in Stock

Butterfly Network, Inc. (NASDAQ:BFLY) COO David Perri sold 151,417 shares of the business’s stock in a transaction that occurred on Tuesday, June 8th. The shares were sold at an average price of $14.00, for a total value of $2,119,838.00. Following the completion of the sale, the chief operating officer now owns 13,625 shares in the company, valued at approximately $190,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NASDAQ BFLY opened at $14.20 on Friday. The company has a 50 day moving average price of $13.36. Butterfly Network, Inc. has a 52 week low of $9.20 and a 52 week high of $29.13.

Butterfly Network (NASDAQ:BFLY) last released its earnings results on Thursday, May 13th. The company reported ($0.46) EPS for the quarter. The business had revenue of $12.44 million during the quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BFLY. Fosun International Ltd bought a new stake in Butterfly Network in the 1st quarter valued at approximately $180,361,000. ARK Investment Management LLC bought a new stake in Butterfly Network in the 1st quarter valued at approximately $88,969,000. Glenview Capital Management LLC bought a new stake in Butterfly Network in the 1st quarter valued at approximately $80,361,000. William Blair Investment Management LLC bought a new stake in shares of Butterfly Network during the 1st quarter worth approximately $78,420,000. Finally, PFM Health Sciences LP bought a new stake in shares of Butterfly Network during the 1st quarter worth approximately $30,770,000. Hedge funds and other institutional investors own 33.81% of the company’s stock.

Butterfly Network Company Profile

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; and Butterfly iQ+, a point-of-care ultrasound imaging device that connects with a smart phone or tablet.

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