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

Butterfly Network Inc (NYSE: BFLY) is -8.54% lower on its value in year-to-date trading and has touched a low of $0.67 and a high of $2.04 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 $0.99 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.99, the stock is 0.91% and -2.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 0.23% at the moment leaves the stock -2.35% off its SMA200. BFLY registered -40.85% loss for a year compared to 6-month loss of -33.26%.

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The stock witnessed a -8.54% gain in the last 1 month and extending the period to 3 months gives it a -1.22%, and is 5.16% 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 5.97% over the week and 8.23% over the month.

Butterfly Network Inc (BFLY) has around 225 employees, a market worth around $209.98M and $71.08M in sales. Profit margin for the company is -153.29%. Distance from 52-week low is 46.54% and -51.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.46%).

Butterfly Network Inc quarterly earnings per share for the current quarter are estimated at -0.08 with sales reaching $19.01M over the same period.The EPS is expected to grow by 43.08% this year, but quarterly earnings will post 18.90% year-over-year. Quarterly sales are estimated to grow 23.30% in year-over-year returns.

194.0 institutions hold shares in Butterfly Network Inc (BFLY), with institutional investors hold 35.63% of the company’s shares. The shares outstanding are 181.22M, and float is at 150.02M with Short Float at 9.57%. Institutions hold 29.79% of the Float.

The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 10.98 million shares valued at $9.24 million. The investor’s holdings represent 5.259 of the BFLY Shares outstanding. As of 2024-06-30, the second largest holder is FOSUN INTERNATIONAL LTD with 10.72 million shares valued at $9.01 million to account for 5.1307 of the shares outstanding. The other top investors are GLENVIEW CAPITAL MANAGEMENT, LLC which holds 8.03 million shares representing 3.8461 and valued at over $6.75 million, while VANGUARD GROUP INC holds 3.4886 of the shares totaling 7.29 million with a market value of $6.13 million.

Butterfly Network Inc (BFLY) Insider Activity

The most recent transaction is an insider purchase by DEVIVO JOSEPH, the company’s President & CEO. SEC filings show that DEVIVO JOSEPH bought 104,000 shares of the company’s common stock on Aug 07 ’24 at a price of $0.95 per share for a total of $98519.0. Following the purchase, the insider now owns 7.01 million shares.

Butterfly Network Inc disclosed in a document filed with the SEC on Jul 02 ’24 that Stoica Andrei G (Chief Technology Officer) sold a total of 1,703 shares of the company’s common stock. The trade occurred on Jul 02 ’24 and was made at $0.87 per share for $1487.0. Following the transaction, the insider now directly holds 1.48 million shares of the BFLY stock.

Still, SEC filings show that on Jun 25 ’24, Stoica Andrei G (Chief Technology Officer) disposed off 3,363 shares at an average price of $0.92 for $3107.0. The insider now directly holds 1,482,441 shares of Butterfly Network Inc (BFLY).

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