Charles Schwab Investment Management Inc. Has $2.92 Million Stock Holdings in Butterfly Network, Inc. (NYSE:BFLY)

Charles Schwab Investment Management Inc. reduced its position in Butterfly Network, Inc. (NYSE:BFLY) by 2.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 935,830 shares of the company’s stock after selling 19,501 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Butterfly Network were worth $2,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BFLY. XTX Topco Ltd boosted its holdings in Butterfly Network by 169.7% in the third quarter. XTX Topco Ltd now owns 360,392 shares of the company’s stock valued at $638,000 after acquiring an additional 226,781 shares during the last quarter. AMH Equity Ltd bought a new position in shares of Butterfly Network in the 4th quarter valued at about $624,000. Calamos Advisors LLC acquired a new stake in shares of Butterfly Network during the 4th quarter worth approximately $525,000. SBI Securities Co. Ltd. acquired a new stake in shares of Butterfly Network during the 4th quarter worth approximately $493,000. Finally, White Pine Capital LLC bought a new stake in shares of Butterfly Network during the fourth quarter worth approximately $398,000. Institutional investors own 37.85% of the company’s stock.

Butterfly Network Trading Down 6.3 %

NYSE BFLY opened at $2.44 on Friday. Butterfly Network, Inc. has a 12 month low of $0.67 and a 12 month high of $4.98. The stock has a 50-day simple moving average of $3.60 and a 200 day simple moving average of $2.97. The company has a market capitalization of $591.52 million, a PE ratio of -5.29 and a beta of 2.48.

Analysts Set New Price Targets

Separately, William Blair began coverage on shares of Butterfly Network in a report on Monday, March 17th. They set an “outperform” rating for the company.

Butterfly Network Profile

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.