Insider Selling: Butterfly Network (NYSE:BFLY) CTO Sells $137,397.76 in Stock

Butterfly Network, Inc. (NYSE:BFLY) CTO Victor Ku sold 35,968 shares of Butterfly Network stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $3.82, for a total value of $137,397.76. Following the completion of the sale, the chief technology officer directly owned 811,962 shares in the company, valued at approximately $3,101,694.84. This represents a 4.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Butterfly Network Stock Down 3.0%

NYSE:BFLY opened at $4.03 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of -12.20 and a beta of 2.27. Butterfly Network, Inc. has a twelve month low of $1.32 and a twelve month high of $4.98. The business has a 50 day moving average price of $3.13 and a two-hundred day moving average price of $2.30.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings data on Friday, October 31st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Butterfly Network had a negative net margin of 90.31% and a negative return on equity of 37.80%. The company had revenue of $21.49 million for the quarter, compared to the consensus estimate of $21.23 million. As a group, analysts anticipate that Butterfly Network, Inc. will post -0.35 earnings per share for the current fiscal year.

More Butterfly Network News

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

• Positive Sentiment: Company roadmap: Butterfly plans a 2026 “Beam Steering” API to expose core 3D imaging capabilities to Butterfly Garden developers — could expand third‑party apps, AI integrations and future monetization opportunities. Read More.
• Neutral Sentiment: Analyst coverage and technicals remain mixed: consensus MarketBeat target ~ $3.67 with Buy/Hold/Sell split; 50‑ and 200‑day moving averages show recent strength off lows but the company remains loss‑making. Read More.
• Neutral Sentiment: Institutional investors hold a meaningful stake (~38%): several funds (Geode, Acadian, others) have recently increased positions, which can stabilize liquidity and supply in secondary market trading. Read More.
• Negative Sentiment: Large director selling: Director Jonathan M. Rothberg executed multi‑day sales totaling ~1.14M shares across Jan 6–8 at roughly $4.03–$4.18 (~$4.7M aggregate), materially reducing his stake — a clear negative for near‑term sentiment and potential selling pressure. Read More.
• Negative Sentiment: Additional executive sales: EVP John N. Doherty sold 60,182 shares (avg $3.98) on Jan 7; CTO Victor Ku sold 35,968 shares (avg $3.82) on Jan 5 — these add to the cluster of insider exits and may amplify short‑term downside risk. Read More. Read More.

Hedge Funds Weigh In On Butterfly Network

A number of institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new stake in Butterfly Network in the second quarter valued at approximately $25,000. Ameriprise Financial Inc. acquired a new position in shares of Butterfly Network during the 3rd quarter worth approximately $25,000. Y Intercept Hong Kong Ltd bought a new stake in Butterfly Network in the 3rd quarter valued at $32,000. BNP Paribas Financial Markets lifted its holdings in Butterfly Network by 707.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock valued at $33,000 after purchasing an additional 14,244 shares during the last quarter. Finally, Wisconsin Wealth Advisors LLC bought a new position in Butterfly Network during the fourth quarter worth $38,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BFLY. Weiss Ratings restated a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, October 8th. Loop Capital set a $5.00 price target on Butterfly Network in a research note on Wednesday, December 31st. Finally, Wall Street Zen raised Butterfly Network from a “sell” rating to a “hold” rating in a research report on Sunday, November 23rd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.67.

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.