Mirae Asset Global Investments Co. Ltd. Sells 21,396 Shares of Butterfly Network, Inc. (NYSE:BFLY)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Butterfly Network, Inc. (NYSE:BFLY) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 365,404 shares of the company’s stock after selling 21,396 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.18% of Butterfly Network worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its holdings in Butterfly Network by 24.1% during the 4th quarter. Capital Investment Advisors LLC now owns 51,515 shares of the company’s stock worth $56,000 after purchasing an additional 10,000 shares in the last quarter. Barclays PLC increased its holdings in Butterfly Network by 20.9% during the 3rd quarter. Barclays PLC now owns 64,386 shares of the company’s stock worth $77,000 after purchasing an additional 11,112 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Butterfly Network by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 584,338 shares of the company’s stock worth $690,000 after purchasing an additional 12,258 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Butterfly Network by 13.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 141,983 shares of the company’s stock worth $153,000 after purchasing an additional 17,083 shares in the last quarter. Finally, Quent Capital LLC increased its holdings in Butterfly Network by 37.7% during the 4th quarter. Quent Capital LLC now owns 73,000 shares of the company’s stock worth $79,000 after purchasing an additional 20,000 shares in the last quarter. 37.85% of the stock is owned by institutional investors and hedge funds.

Butterfly Network Trading Up 10.7 %

BFLY stock opened at $0.78 on Friday. The stock has a 50-day moving average price of $1.03 and a two-hundred day moving average price of $1.01. The stock has a market cap of $162.39 million, a PE ratio of -1.20 and a beta of 2.04. Butterfly Network, Inc. has a 1 year low of $0.67 and a 1 year high of $2.71.

Butterfly Network (NYSE:BFLY) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The company had revenue of $16.52 million during the quarter, compared to the consensus estimate of $15.98 million. Butterfly Network had a negative net margin of 202.88% and a negative return on equity of 50.87%. On average, analysts forecast that Butterfly Network, Inc. will post -0.45 earnings per share for the current fiscal year.

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.