Butterfly Network (NYSE:BFLY) Director Jonathan Rothberg Sells 1,177,276 Shares

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 1,177,276 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $6.61, for a total transaction of $7,781,794.36. Following the transaction, the director owned 72,724 shares of the company’s stock, valued at $480,705.64. This trade represents a 94.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Butterfly Network Stock Performance

Butterfly Network stock opened at $7.20 on Wednesday. Butterfly Network, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $9.69. The stock has a market cap of $1.83 billion, a P/E ratio of -24.01 and a beta of 2.05. The firm’s fifty day moving average price is $6.48 and its 200-day moving average price is $4.94.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. Butterfly Network had a negative return on equity of 34.41% and a negative net margin of 73.63%.The company had revenue of $26.53 million during the quarter, compared to analyst estimates of $26.08 million. Sell-side analysts predict that Butterfly Network, Inc. will post -0.18 earnings per share for the current year.

Key Butterfly Network News

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

• Positive Sentiment: Investor focus is turning to Butterfly Network’s upcoming second-quarter results. Revenue is projected to increase 21.5%, supported by demand for the iQ3 ultrasound system, broader Compass AI adoption and growth in the company’s Embedded business. Strong execution in these areas could reinforce the stock’s recent rally. Can AI Momentum and Embedded Growth Lift BFLY’s Q2 Results?
• Neutral Sentiment: CEO Joseph DeVivo, EVP John N. Doherty and CTO Victor Ku collectively sold approximately 317,000 shares at about $6.56 per share. The transactions were made to cover tax-withholding obligations tied to vested equity awards, which makes them less indicative of a bearish view; the executives continue to hold substantial stakes. SEC filing for executive transactions
• Negative Sentiment: Founder and Director Jonathan Rothberg sold roughly 3.8 million shares for approximately $25.0 million between July 17 and July 22, substantially reducing his direct ownership. Although the sales were executed under a pre-arranged Rule 10b5-1 plan and described as related to estate planning, their size may create overhang and raise investor concerns about insider conviction after BFLY’s large one-year advance. Butterfly Network Founder Rothberg Sells Another 660,000 Shares

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $5.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Butterfly Network by 4.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,500 shares of the company’s stock valued at $358,000 after acquiring an additional 2,000 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Butterfly Network during the second quarter worth about $463,000. Wisconsin Wealth Advisors LLC boosted its holdings in shares of Butterfly Network by 33.3% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 40,000 shares of the company’s stock worth $337,000 after purchasing an additional 10,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Butterfly Network by 71.0% in the 1st quarter. Bank of America Corp DE now owns 4,165,222 shares of the company’s stock worth $16,827,000 after purchasing an additional 1,728,938 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Butterfly Network during the 1st quarter valued at about $446,000. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Butterfly Network Company Profile

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.