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

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

Butterfly Network Stock Performance

Butterfly Network stock opened at $7.16 on Thursday. Butterfly Network, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $9.69. The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $4.96. The stock has a market cap of $1.82 billion, a PE ratio of -23.85 and a beta of 2.05.

Butterfly Network (NYSE:BFLY) last released its earnings results 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. As a group, analysts predict that Butterfly Network, Inc. will post -0.18 EPS for the current fiscal year.

Key Stories Impacting Butterfly Network

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

• Positive Sentiment: Investor attention is focused on Butterfly Network’s upcoming second-quarter results. Analysts expect revenue to rise 21.5%, supported by demand for the iQ3 ultrasound system, wider adoption of Compass AI and growth in the Embedded business. A strong report could support the recent rally. Can AI Momentum and Embedded Growth Lift BFLY’s Q2 Results?
• Neutral Sentiment: CEO Joseph DeVivo, EVP John Doherty and CTO Victor Ku collectively sold approximately 317,000 shares at $6.56 per share. The sales were made to cover tax-withholding obligations when equity awards vested, reducing their significance as a signal of weakening confidence; all three executives retain sizable holdings. SEC filing for executive transactions
• Neutral Sentiment: Institutional ownership stands at 37.85%. Recent activity included new positions and a significant increase by BNP Paribas Financial Markets, although the disclosed purchases were relatively small and provide limited evidence of a major change in institutional conviction.
• Negative Sentiment: Founder and Director Jonathan Rothberg sold about 3.8 million shares for roughly $25 million from July 17 through July 22 under a pre-arranged Rule 10b5-1 plan. While the sales were reportedly connected to estate planning, the sharp reduction in his direct ownership may concern investors and add potential overhang. Butterfly Network Founder Sells Shares
• Negative Sentiment: Valuation concerns remain: BFLY is still unprofitable, with analysts expecting a full-year loss, while the consensus rating is “Hold” and the $5.56 target price is below recent trading levels.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a research note on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.56.

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.