Microvast Holdings announces departure of chief financial officer
Stoica Andrei G, the Chief Technology Officer of Butterfly Network, Inc. (NYSE:BFLY), a company currently valued at $518.6 million, recently executed a stock sale valued at approximately $3,907. According to InvestingPro data, BFLY’s stock has shown significant volatility, with a 125% return over the past year despite recent price pressures. The transaction, which took place on April 1, involved the sale of 1,805 shares of Class A Common Stock at an average price of $2.165 per share. This sale was part of a "sell-to-cover" policy to meet tax withholding obligations related to the vesting of restricted stock units, and it was conducted automatically, not at Stoica’s discretion. Following the transaction, Stoica retains direct ownership of 1,600,182 shares in the company. The stock currently trades near $2.12, with InvestingPro analysis revealing 8 additional key insights about the company’s financial health and market position available to subscribers.
In other recent news, Butterfly Network, Inc. reported fourth-quarter revenue of $22.4 million, surpassing analyst expectations of $20.1 million. The company achieved a 35% year-over-year increase in revenue, with product revenue climbing 45% to $14.7 million and software and services revenue rising 20% to $7.6 million. Despite these strong results, shares experienced a slight dip, possibly due to a muted outlook for 2025, with projected revenue of $96-100 million, aligning with Wall Street’s $97.8 million estimate.
TD Cowen analysts maintained their Buy rating, noting the company’s impressive quarterly performance and suggesting the 2025 revenue guidance might be conservative. The firm also raised its price target to $5.00, emphasizing confidence in Butterfly Network’s strategic direction and future growth prospects. William Blair initiated coverage with an Outperform rating, highlighting the company’s innovative Ultrasound-on-Chip technology and its potential to democratize medical imaging.
The company also recently raised $81.7 million through a public offering to bolster its financial position and drive further innovation. Butterfly Network’s advancements, such as the rollout of the iQ3 product, have contributed to a positive outlook, with analysts expressing optimism about the company’s potential for sustained growth.
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