Butterfly Network (BFLY) Expected to Announce Earnings on Friday

Butterfly Network (NYSE:BFLY) is projected to release its earnings data before the market opens on Friday, February 28th. Analysts expect Butterfly Network to post earnings of ($0.09) per share and revenue of $21.97 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Butterfly Network Stock Down 7.6 %

Shares of NYSE BFLY opened at $3.73 on Wednesday. Butterfly Network has a 52-week low of $0.67 and a 52-week high of $4.98. The firm has a fifty day moving average of $3.88 and a 200-day moving average of $2.72. The stock has a market capitalization of $793.66 million, a PE ratio of -8.10 and a beta of 2.47.

Insider Activity

In other news, CFO Heather C. Getz sold 30,136 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total value of $92,216.16. Following the completion of the transaction, the chief financial officer now directly owns 2,669,333 shares in the company, valued at $8,168,158.98. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steve Cashman sold 164,079 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.06, for a total transaction of $502,081.74. Following the sale, the insider now directly owns 1,835,921 shares of the company’s stock, valued at approximately $5,617,918.26. This represents a 8.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 27.28% of the company’s stock.

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.