Butterfly Network Target of Unusually High Options Trading (NYSE:BFLY)

Butterfly Network, Inc. (NYSE:BFLY) saw some unusual options trading activity on Thursday. Traders acquired 3,652 call options on the stock. This represents an increase of approximately 21% compared to the typical volume of 3,010 call options.

Trending Headlines about Butterfly Network

Here are the key news stories impacting Butterfly Network this week:

• Positive Sentiment: Company reaffirmed FY‑2026 revenue guidance of $117M–$121M and gave Q2 revenue guidance of $27M–$31M (near consensus), signaling management confidence in the recovery and growth cadence. Article Title
• Positive Sentiment: Q1 revenue beat estimates: reported revenue ~$26.5M vs. consensus ~$26.1M, and the GAAP loss per share narrowed year‑over‑year (Zacks noted a $0.03 loss vs. a $0.04 expected loss), which supports the upside narrative. Article Title
• Positive Sentiment: Unusually large options activity with a notable uptick in call purchases (3,652 calls), indicating some traders are positioning for further upside or event‑driven moves. (Internal trading summary)
• Neutral Sentiment: Earnings call transcript provides color on product adoption, cloud/AI strategy and go‑to‑market execution — useful for judging whether management cadence can sustain guidance. Article Title
• Negative Sentiment: MarketBeat/BusinessWire report an EPS miss versus some consensus measures (reported ($0.05) vs. consensus ($0.04)), and the company remains unprofitable with a wide negative net margin and negative ROE — risks for investors focused on near‑term profitability. Article Title
• Negative Sentiment: Some investors sold into the print: coverage notes the stock fell initially despite the revenue beat, indicating sensitivity to the EPS miss and ongoing losses (MSN coverage). Article Title

Institutional Investors Weigh In On Butterfly Network

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Butterfly Network by 4.3% in the third quarter. Vanguard Group Inc. now owns 11,040,080 shares of the company’s stock worth $21,307,000 after buying an additional 453,258 shares in the last quarter. ARK Investment Management LLC raised its stake in Butterfly Network by 1.6% in the fourth quarter. ARK Investment Management LLC now owns 6,244,427 shares of the company’s stock valued at $23,729,000 after purchasing an additional 99,079 shares in the last quarter. Geode Capital Management LLC raised its stake in Butterfly Network by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,679,120 shares of the company’s stock valued at $17,785,000 after purchasing an additional 75,243 shares in the last quarter. AWM Investment Company Inc. raised its stake in Butterfly Network by 750.0% in the fourth quarter. AWM Investment Company Inc. now owns 3,400,000 shares of the company’s stock valued at $12,920,000 after purchasing an additional 3,000,000 shares in the last quarter. Finally, First Light Asset Management LLC raised its stake in Butterfly Network by 149.3% in the fourth quarter. First Light Asset Management LLC now owns 2,812,131 shares of the company’s stock valued at $10,686,000 after purchasing an additional 1,684,133 shares in the last quarter. 37.85% of the stock is owned by hedge funds and other institutional investors.

Butterfly Network Trading Up 12.6%

Shares of Butterfly Network stock opened at $5.40 on Friday. Butterfly Network has a 12-month low of $1.32 and a 12-month high of $5.72. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -17.40 and a beta of 2.28. The company’s 50-day moving average price is $4.22 and its 200-day moving average price is $3.56.

Butterfly Network (NYSE:BFLY) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Butterfly Network had a negative net margin of 73.63% and a negative return on equity of 33.61%. The firm had revenue of $26.53 million for the quarter, compared to the consensus estimate of $26.08 million. On average, sell-side analysts predict that Butterfly Network will post -0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BFLY shares. Zacks Research upgraded shares of Butterfly Network from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Lake Street Capital increased their price target on shares of Butterfly Network from $4.00 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Craig Hallum restated a “buy” rating and set a $5.25 price target on shares of Butterfly Network in a research report on Wednesday, January 21st. Loop Capital set a $5.50 price objective on shares of Butterfly Network in a report on Monday, March 2nd. Finally, TD Cowen upped their price objective on shares of Butterfly Network from $4.50 to $6.00 and gave the company a “buy” rating in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.56.

About Butterfly Network

Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.

Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.