Insider Selling: Butterfly Network (NYSE:BFLY) Director Sells $1,874,298.06 in Stock

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 452,729 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $4.14, for a total value of $1,874,298.06. Following the sale, the director owned 335,834 shares in the company, valued at approximately $1,390,352.76. The trade was a 57.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Butterfly Network Price Performance

Shares of BFLY opened at $4.03 on Friday. The company has a 50-day moving average of $3.13 and a two-hundred day moving average of $2.30. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -12.20 and a beta of 2.27. Butterfly Network, Inc. has a one year low of $1.32 and a one year high of $4.98.

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

Wall Street Analysts Forecast Growth

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

Key Butterfly Network News

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.

Institutional Investors Weigh In On Butterfly Network

A number of hedge funds and other institutional investors have recently made changes to their positions in BFLY. Teacher Retirement System of Texas grew its stake in shares of Butterfly Network by 45.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 27,811 shares of the company’s stock valued at $56,000 after buying an additional 8,657 shares in the last quarter. Lazari Capital Management Inc. lifted its stake in Butterfly Network by 53.1% in the second quarter. Lazari Capital Management Inc. now owns 28,661 shares of the company’s stock valued at $57,000 after acquiring an additional 9,941 shares during the last quarter. Levin Capital Strategies L.P. lifted its stake in Butterfly Network by 16.7% in the second quarter. Levin Capital Strategies L.P. now owns 70,000 shares of the company’s stock valued at $140,000 after acquiring an additional 10,000 shares during the last quarter. Wisconsin Wealth Advisors LLC bought a new stake in Butterfly Network in the fourth quarter worth approximately $38,000. Finally, Blair William & Co. IL increased its stake in shares of Butterfly Network by 8.4% during the 3rd quarter. Blair William & Co. IL now owns 128,500 shares of the company’s stock worth $248,000 after purchasing an additional 10,000 shares during the last quarter. 37.85% of the stock is owned by hedge funds and other institutional investors.

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.