Institutional investors, holding the majority of shares in Butterfly Network, Inc. (NYSE:BFLY), could significantly influence the company's stock price, as their trading decisions might affect the market. Nine investors hold a majority stake in the company, accounting for 51% of the ownership.
Institutions are currently the largest shareholders in Butterfly Network, owning about 37% of the company's shares.
The largest shareholder in Butterfly Network is its Top Key Executive, Jonathan Rothberg, who owns 18% of outstanding shares. The second and third largest shareholders hold about 6.3% and 6.2% of the stock respectively. Further analysis reveals that nine top shareholders account for approximately 51% of the register.
Butterfly Network also has insider ownership, with insiders owning $83 million worth of shares in the $391 million company. This suggests that founders may still own a significant portion of the shares.
The general public holds a 36% stake in Butterfly Network, while public companies own 5.2% of Butterfly Network shares on issue.
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