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

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

Butterfly Network Price Performance

Shares of NYSE:BFLY opened at $7.16 on Thursday. The business’s 50 day simple moving average is $6.53 and its 200-day simple moving average is $4.96. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -23.85 and a beta of 2.05. Butterfly Network, Inc. has a 12 month low of $1.32 and a 12 month high of $9.69.

Butterfly Network (NYSE:BFLY) last posted its earnings results on Thursday, April 30th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $26.53 million for the quarter, compared to the consensus estimate of $26.08 million. Butterfly Network had a negative return on equity of 34.41% and a negative net margin of 73.63%. On average, equities analysts anticipate that Butterfly Network, Inc. will post -0.18 earnings per share for the current year.

Trending Headlines about 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.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Butterfly Network

A number of large investors have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in shares of Butterfly Network by 4.9% during 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 in the last quarter. Principal Financial Group Inc. increased its stake in shares of Butterfly Network by 24.0% in the first quarter. Principal Financial Group Inc. now owns 14,247 shares of the company’s stock worth $58,000 after buying an additional 2,753 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Butterfly Network by 25.4% in the fourth quarter. Farther Finance Advisors LLC now owns 15,281 shares of the company’s stock valued at $58,000 after acquiring an additional 3,098 shares in the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Butterfly Network by 10.1% in the 4th quarter. Opal Wealth Advisors LLC now owns 36,679 shares of the company’s stock valued at $139,000 after purchasing an additional 3,355 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in Butterfly Network by 11.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 55,517 shares of the company’s stock worth $211,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

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.