Oxford Asset Management LLP Takes Position in Butterfly Network, Inc. (NYSE:BFLY)

Oxford Asset Management LLP purchased a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,241 shares of the company’s stock, valued at approximately $79,000.

Other large investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in Butterfly Network during the 4th quarter valued at about $34,000. Verdence Capital Advisors LLC purchased a new position in Butterfly Network during the fourth quarter valued at approximately $41,000. HBK Sorce Advisory LLC acquired a new position in Butterfly Network in the 4th quarter valued at approximately $45,000. Dark Forest Capital Management LP purchased a new stake in Butterfly Network in the 4th quarter worth approximately $45,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Butterfly Network during the 4th quarter valued at $46,000. 37.85% of the stock is owned by institutional investors and hedge funds.

Butterfly Network Trading Down 0.4 %

Shares of Butterfly Network stock opened at $2.43 on Tuesday. Butterfly Network, Inc. has a 1 year low of $0.77 and a 1 year high of $4.98. The company’s fifty day simple moving average is $2.71 and its 200-day simple moving average is $3.06. The company has a market cap of $590.30 million, a price-to-earnings ratio of -5.28 and a beta of 2.60.

Analyst Ratings Changes

Separately, William Blair assumed coverage on Butterfly Network in a research note on Monday, March 17th. They issued an “outperform” rating for the company.

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.