Butterfly Network (NYSE:BFLY) Director Sells $1,417,016.51 in Stock

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 351,617 shares of the stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $4.03, for a total transaction of $1,417,016.51. Following the completion of the sale, the director owned 788,563 shares of the company’s stock, valued at approximately $3,177,908.89. This trade represents a 30.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Butterfly Network Stock Down 3.0%

Shares of NYSE BFLY opened at $4.03 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of -12.20 and a beta of 2.27. The stock’s 50 day moving average price is $3.13 and its 200-day moving average price is $2.30. Butterfly Network, Inc. has a twelve month low of $1.32 and a twelve month high of $4.98.

Butterfly Network (NYSE:BFLY) last issued its quarterly earnings results on Friday, October 31st. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $21.49 million for the quarter, compared to analyst estimates of $21.23 million. Butterfly Network had a negative return on equity of 37.80% and a negative net margin of 90.31%. As a group, research analysts expect that Butterfly Network, Inc. will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BFLY. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Butterfly Network by 40.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,318 shares of the company’s stock worth $192,000 after acquiring an additional 13,618 shares during the period. Green Alpha Advisors LLC lifted its holdings in Butterfly Network by 7.0% during the 4th quarter. Green Alpha Advisors LLC now owns 176,371 shares of the company’s stock worth $670,000 after purchasing an additional 11,518 shares in the last quarter. Wisconsin Wealth Advisors LLC bought a new position in Butterfly Network in the 4th quarter worth about $38,000. CIBC Bancorp USA Inc. purchased a new position in Butterfly Network during the 3rd quarter valued at about $40,000. Finally, Kestra Private Wealth Services LLC increased its position in shares of Butterfly Network by 93.9% during the third quarter. Kestra Private Wealth Services LLC now owns 50,017 shares of the company’s stock valued at $97,000 after buying an additional 24,217 shares during the period. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BFLY has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Butterfly Network from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Loop Capital set a $5.00 price objective on Butterfly Network in a research note on Wednesday, December 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.67.

Key Stories Impacting Butterfly Network

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

• Positive Sentiment: Company roadmap: Butterfly plans a 2026 “Beam Steering” API to expose core 3D imaging capabilities to Butterfly Garden developers — could expand third‑party apps, AI integrations and future monetization opportunities. Read More.
• Neutral Sentiment: Analyst coverage and technicals remain mixed: consensus MarketBeat target ~ $3.67 with Buy/Hold/Sell split; 50‑ and 200‑day moving averages show recent strength off lows but the company remains loss‑making. Read More.
• Neutral Sentiment: Institutional investors hold a meaningful stake (~38%): several funds (Geode, Acadian, others) have recently increased positions, which can stabilize liquidity and supply in secondary market trading. Read More.
• Negative Sentiment: Large director selling: Director Jonathan M. Rothberg executed multi‑day sales totaling ~1.14M shares across Jan 6–8 at roughly $4.03–$4.18 (~$4.7M aggregate), materially reducing his stake — a clear negative for near‑term sentiment and potential selling pressure. Read More.
• Negative Sentiment: Additional executive sales: EVP John N. Doherty sold 60,182 shares (avg $3.98) on Jan 7; CTO Victor Ku sold 35,968 shares (avg $3.82) on Jan 5 — these add to the cluster of insider exits and may amplify short‑term downside risk. Read More. Read More.

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.