BlackRock Amends Butterfly Network Stake, Signals Continued Confidence
Ticker: BFLY · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1804176
| Field | Detail |
|---|---|
| Company | Butterfly Network, Inc. (BFLY) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a chunk of Butterfly Network, good sign for stability.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Butterfly Network, Inc. as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, continues to hold a significant stake in Butterfly Network, Inc. This matters to investors because large institutional holdings can signal confidence in a company's long-term prospects and can influence stock stability.
Why It Matters
This filing shows that a major institutional investor, BlackRock, maintains its position in Butterfly Network, Inc., which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative risks.
Analyst Insight
Investors should note BlackRock's continued holding as a sign of institutional confidence, but also conduct their own due diligence on Butterfly Network's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Butterfly Network, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will likely maintain a significant stake in Butterfly Network, Inc. for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company is Butterfly Network, Inc., identified by CIK 0001804176 and SEC File Number 005-91519.
Who is the 'filing person' or 'reporting person' in this document?
The filing person is BlackRock Inc., identified by CIK 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement is December 31, 2023.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Butterfly Network, Inc. is 124155102.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Butterfly Network, Inc. (BFLY).