Butterfly Network (NYSE:BFLY) Director Jonathan Rothberg Sells 659,913 Shares

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 659,913 shares of Butterfly Network stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $6.47, for a total transaction of $4,269,637.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Butterfly Network Stock Performance

Shares of Butterfly Network stock opened at $7.20 on Wednesday. The firm has a 50-day simple moving average of $6.48 and a two-hundred day simple moving average of $4.94. Butterfly Network, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $9.69. The company has a market cap of $1.83 billion, a P/E ratio of -24.01 and a beta of 2.05.

Butterfly Network (NYSE:BFLY) last posted its earnings results on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $26.53 million for the quarter, compared to analysts’ expectations of $26.08 million. Equities research analysts forecast that Butterfly Network, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

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

Key Headlines Impacting Butterfly Network

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

Institutional Trading of Butterfly Network

Hedge funds have recently bought and sold shares of the business. KBC Group NV purchased a new position in Butterfly Network in the 1st quarter worth approximately $25,000. Ameriprise Financial Inc. purchased a new stake in shares of Butterfly Network in the third quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its position in shares of Butterfly Network by 707.2% in the second quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock valued at $33,000 after purchasing an additional 14,244 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of Butterfly Network in the fourth quarter valued at approximately $38,000. Finally, Sfmg LLC purchased a new position in Butterfly Network during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

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.