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Here is a breakdown of major shareholders in Butterfly Network Inc (NYSE: BFLY)

Butterfly Network Inc (NYSE: BFLY) is -3.70% lower on its value in year-to-date trading and has touched a low of $0.76 and a high of $2.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BFLY stock was last observed hovering at around $1.01 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $1.04, the stock is -4.15% and -2.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 2.97% at the moment leaves the stock -24.68% off its SMA200. BFLY registered -44.68% loss for a year compared to 6-month gain of -7.14%. The firm has a 50-day simple moving average (SMA 50) of $1.53 and a 200-day simple moving average (SMA200) of -$0.82.

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The stock witnessed a -15.45% loss in the last 1 month and extending the period to 3 months gives it a -1.89%, and is 4.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.88% over the week and 7.95% over the month.

Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $216.46M and $65.90M in sales. Profit margin for the company is -202.88%. Distance from 52-week low is 36.75% and -64.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-55.05%).

Butterfly Network Inc quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $16.8M over the same period.The EPS is expected to grow by 30.77% this year, but quarterly earnings will post 10.50% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.

211 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 50.84% of the company’s shares. The shares outstanding are 181.22M, and float is at 146.45M with Short Float at 13.59%. Institutions hold 43.27% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 12.97 million shares valued at $29.82 million. The investor’s holdings represent 7.20% of the BFLY Shares outstanding. As of Sep 29, 2023, the second largest holder is ARK Investment Management, LLC with 12.72 million shares valued at $15.0 million to account for 7.06% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.99 million shares representing 6.10% and valued at over $25.27 million, while Fosun International Ltd holds 5.95% of the shares totaling 10.72 million with a market value of $24.65 million.

Butterfly Network Inc (BFLY) Insider Activity

The most recent transaction is an insider sale by Stoica Andrei G, the company’s Chief Technology Officer. SEC filings show that Stoica Andrei G sold 3,298 shares of the company’s common stock on Mar 25 ’24 at a price of $1.02 per share for a total of $3380.0. Following the sale, the insider now owns 1.5 million shares.

Butterfly Network Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Getz Heather C (EVP, CFO & COO) sold a total of 81,448 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $1.14 per share for $92851.0. Following the transaction, the insider now directly holds 1.44 million shares of the BFLY stock.

Still, SEC filings show that on Mar 11 ’24, Stoica Andrei G (Chief Technology Officer) disposed off 76,498 shares at an average price of $1.14 for $87208.0. The insider now directly holds 889,675 shares of Butterfly Network Inc (BFLY).

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