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Stock impact report

Butterfly Network Gains Investor Confidence with Record Results [Yahoo! Finance]

Butterfly Network, Inc. Class A (BFLY) 
Company Research Source: Yahoo! Finance
first quarter, Acadian Asset Management LLC raised its position in Butterfly Network, Inc. (NYSE:BFLY) by a whopping 270.5%. Following the purchase of 1,167,055 shares, the institutional investor now owns 1,598,552 shares of the company's stock. With an ownership of 0.65%, the firm's investment is worth $3,642,000. During its latest earnings call, the management highlighted that the second quarter marked the highest quarterly revenue for Butterfly Network, Inc. (NYSE:BFLY), with gross margins reaching an all-time high at 64%. What investors eye most is the company's recent large-scale enterprise-wide collaboration with one of the top 5 leading health systems globally. Is Butterfly Network, Inc. (BFLY) the Best Multibagger Penny Stock to Buy According to Billionaires? It doesn't stop there. Analysts, too, remain bullish on Butterfly Network, Inc. (NYSE:BFLY). TD Cowen has reiterated its ‘Buy' rating on the stock, with a price target of $3.50. This optimism stems from the results Show less Read more
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