Jonathan Rothberg Sells 1,177,276 Shares of Butterfly Network (NYSE:BFLY) Stock

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 1,177,276 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $6.61, for a total value of $7,781,794.36. Following the completion of the transaction, the director owned 72,724 shares in the company, valued at $480,705.64. The trade was a 94.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 company has a market capitalization of $1.82 billion, a PE ratio of -23.85 and a beta of 2.05. The business has a fifty day moving average price of $6.53 and a two-hundred day moving average price of $4.96. Butterfly Network, Inc. has a 1 year low of $1.32 and a 1 year high of $9.69.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $26.08 million. Sell-side analysts anticipate that Butterfly Network, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.56.

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.

Hedge Funds Weigh In On Butterfly Network

Several institutional investors have recently modified their holdings of the company. KBC Group NV bought a new position in Butterfly Network during the first quarter valued at approximately $25,000. ExodusPoint Capital Management LP bought a new position in Butterfly Network during the 4th quarter worth approximately $38,000. Sfmg LLC purchased a new position in Butterfly Network in the 4th quarter worth approximately $39,000. Sanctuary Advisors LLC purchased a new position in shares of Butterfly Network in the fourth quarter worth $40,000. Finally, Merit Financial Group LLC bought a new position in shares of Butterfly Network during the fourth quarter valued at about $45,000. 37.85% of the stock is currently owned by institutional investors.

About Butterfly Network

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.