Butterfly Network (BFLY) Projected to Post Earnings on Friday

Butterfly Network (NYSE:BFLY) is expected to be announcing its Q1 2025 earnings results before the market opens on Friday, May 2nd. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $21.16 million for the quarter.

Butterfly Network Trading Down 2.9 %

Shares of NYSE BFLY opened at $2.33 on Thursday. The stock has a 50 day simple moving average of $2.63 and a 200-day simple moving average of $3.05. The company has a market cap of $566.01 million, a PE ratio of -5.07 and a beta of 2.60. Butterfly Network has a 12-month low of $0.77 and a 12-month high of $4.98.

Wall Street Analysts Forecast Growth

Separately, William Blair started coverage on Butterfly Network in a research report on Monday, March 17th. They set an “outperform” rating for the company.

Insider Buying and Selling

In related news, CEO Joseph Devivo sold 320,215 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $2.44, for a total transaction of $781,324.60. Following the sale, the chief executive officer now owns 7,249,789 shares of the company’s stock, valued at $17,689,485.16. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 27.28% of the stock is owned by corporate insiders.

About Butterfly Network

Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.