Butterfly NetworkBFLY
About: Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.
Employees: 225
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
22% more call options, than puts
Call options by funds: $215K | Put options by funds: $176K
0% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]
2% less funds holding
Funds holding: 168 [Q1] → 164 (-4) [Q2]
6.77% less ownership
Funds ownership: 41.98% [Q1] → 35.21% (-6.77%) [Q2]
13% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 32
34% less capital invested
Capital invested by funds: $82.7M [Q1] → $54.6M (-$28.1M) [Q2]
35% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 54
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Lake Street | 78%upside $3 | Buy Initiated | 10 Sept 2024 |