401,200 Shares in Butterfly Network, Inc. $BFLY Acquired by Swiss National Bank

Swiss National Bank bought a new stake in shares of Butterfly Network, Inc. (NYSE:BFLY) in the first quarter, Holdings Channel.com reports. The institutional investor bought 401,200 shares of the company’s stock, valued at approximately $1,621,000.

Several other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Butterfly Network by 24.0% during the first quarter. Principal Financial Group Inc. now owns 14,247 shares of the company’s stock worth $58,000 after purchasing an additional 2,753 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Butterfly Network by 29.4% in the 1st quarter. Kestra Advisory Services LLC now owns 27,850 shares of the company’s stock worth $113,000 after purchasing an additional 6,335 shares in the last quarter. Abel Hall LLC purchased a new position in Butterfly Network during the 1st quarter worth $67,000. Counterpoint Mutual Funds LLC purchased a new position in Butterfly Network during the 1st quarter worth $545,000. Finally, Perkins Capital Management Inc. increased its position in Butterfly Network by 0.8% during the 1st quarter. Perkins Capital Management Inc. now owns 930,930 shares of the company’s stock valued at $3,761,000 after buying an additional 7,150 shares in the last quarter. 37.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Butterfly Network

In other news, insider Steve Cashman sold 294,680 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $4.66, for a total value of $1,373,208.80. Following the sale, the insider directly owned 1,630,407 shares of the company’s stock, valued at $7,597,696.62. This represents a 15.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan M. Rothberg sold 1,195,857 shares of the stock in a transaction on Friday, July 17th. The stock was sold at an average price of $6.60, for a total transaction of $7,892,656.20. Following the completion of the sale, the director owned 54,143 shares in the company, valued at $357,343.80. The trade was a 95.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 4,840,207 shares of company stock valued at $31,652,184. 21.99% of the stock is owned by corporate insiders.

Butterfly Network Stock Performance

Shares of BFLY stock opened at $7.08 on Friday. Butterfly Network, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $9.69. The firm has a market capitalization of $1.80 billion, a PE ratio of -24.43 and a beta of 2.05. The stock’s 50-day simple moving average is $6.66 and its 200-day simple moving average is $5.00.

Butterfly Network (NYSE:BFLY) last released its earnings results on Thursday, July 30th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $32.61 million during the quarter, compared to the consensus estimate of $29.16 million. Butterfly Network had a negative return on equity of 33.66% and a negative net margin of 66.74%. Sell-side analysts forecast that Butterfly Network, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

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

Butterfly Network News Roundup

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

• Positive Sentiment: Butterfly reported second-quarter adjusted loss of $0.01 per share, narrower than the $0.03 analyst consensus and improved from a $0.06 loss a year earlier. Revenue rose to $32.61 million, exceeding estimates of $29.16 million. Butterfly Network Reports Q2 Loss, Beats Revenue Estimates
• Positive Sentiment: The company’s quarter was reportedly supported by its partnership with Midjourney, helping fuel investor interest in Butterfly’s ultrasound technology, cloud software and artificial-intelligence strategy. Butterfly Network Stock Jumps After Q2 Beat Fueled by Midjourney Partnership
• Neutral Sentiment: Butterfly guided to full-year 2026 revenue of $119 million to $123 million, compared with consensus of $119 million. Third-quarter revenue guidance is $26 million to $30 million, with a midpoint slightly below the $28.8 million analyst estimate. Butterfly Network Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Despite the improvement, Butterfly remains unprofitable, with a reported negative net margin of 73.63% and negative return on equity of 34.41%. The modest third-quarter outlook may be disappointing for investors expecting faster growth after the recent share-price advance. Butterfly Network Q2 2026 Earnings Call Transcript

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.