Butterfly Network, Inc. (NASDAQ:BFLY) COO David Perri Sells 151,417 Shares

Butterfly Network, Inc. (NASDAQ:BFLY) COO David Perri sold 151,417 shares of the firm’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $14.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Butterfly Network stock opened at $14.20 on Friday. The business has a fifty day moving average of $13.36. Butterfly Network, Inc. has a 1 year low of $9.20 and a 1 year high of $29.13.

Butterfly Network (NASDAQ:BFLY) last announced its quarterly earnings data on Thursday, May 13th. The company reported ($0.46) earnings per share (EPS) for the quarter. The firm had revenue of $12.44 million for the quarter.

Institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Butterfly Network in the first quarter worth $2,380,000. Baillie Gifford & Co. acquired a new stake in Butterfly Network during the first quarter worth $21,631,000. Janney Montgomery Scott LLC acquired a new stake in Butterfly Network during the first quarter worth $241,000. Exos Asset Management LLC acquired a new stake in Butterfly Network during the first quarter worth $609,000. Finally, Cannon Global Investment Management LLC acquired a new stake in Butterfly Network during the first quarter worth $235,000. Institutional investors and hedge funds own 33.81% of the company’s stock.

About Butterfly Network

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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