Butterfly Network (NYSE:BFLY) Director Jonathan Rothberg Sells 753,320 Shares of Stock

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 753,320 shares of Butterfly Network stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $6.74, for a total value of $5,077,376.80. Following the sale, the director directly owned 496,680 shares in the company, valued at $3,347,623.20. The trade was a 60.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Butterfly Network Price Performance

Butterfly Network stock opened at $7.20 on Wednesday. The business has a 50 day moving average of $6.48 and a 200-day moving average of $4.94. Butterfly Network, Inc. has a 1 year low of $1.32 and a 1 year high of $9.69. The company has a market capitalization 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, topping the consensus estimate of ($0.04) by $0.01. Butterfly Network had a negative net margin of 73.63% and a negative return on equity of 34.41%. The business had revenue of $26.53 million for the quarter, compared to the consensus estimate of $26.08 million. Equities analysts anticipate that Butterfly Network, Inc. will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. KBC Group NV acquired a new stake in Butterfly Network in the first quarter valued at approximately $25,000. Ameriprise Financial Inc. acquired a new position in shares of Butterfly Network during the third quarter worth approximately $25,000. BNP Paribas Financial Markets raised its position in shares of Butterfly Network by 707.2% during the second quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock worth $33,000 after purchasing an additional 14,244 shares during the period. ExodusPoint Capital Management LP bought a new position in shares of Butterfly Network in the 4th quarter worth $38,000. Finally, Sfmg LLC bought a new position in shares of Butterfly Network in the 4th quarter worth $39,000. 37.85% of the stock is owned by institutional investors and hedge funds.

Butterfly Network News Summary

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Butterfly Network in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Butterfly Network currently 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.