Butterfly Network (BFLY) to Release Earnings on Friday

Butterfly Network (NYSE:BFLY) will likely be releasing its Q1 2025 earnings data before the market opens on Friday, May 2nd. Analysts expect Butterfly Network to post earnings of ($0.09) per share and revenue of $21.16 million for the quarter.

Butterfly Network Price Performance

Butterfly Network stock opened at $2.39 on Wednesday. The stock has a fifty day moving average price of $2.66 and a two-hundred day moving average price of $3.05. Butterfly Network has a 52-week low of $0.77 and a 52-week high of $4.98. The firm has a market capitalization of $580.59 million, a P/E ratio of -5.20 and a beta of 2.60.

Analyst Ratings Changes

Separately, William Blair assumed coverage on Butterfly Network in a research note on Monday, March 17th. They set an “outperform” rating for the company.

Insider Activity

In other news, CEO Joseph Devivo sold 320,215 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $2.44, for a total value of $781,324.60. Following the completion of the sale, the chief executive officer now directly owns 7,249,789 shares in the company, valued at approximately $17,689,485.16. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 27.28% of the stock is currently owned by corporate insiders.

About Butterfly Network

Butterfly Network, Inc develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. It offers Butterfly iQ, a handheld and single-probe whole body ultrasound system; Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging in a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; and Butterfly iQ+ Vet, a handheld ultrasound system designed for veterinarians.