Key Points
- EVP John Doherty sold 60,182 shares on Jan. 7 at an average price of $3.98 for $239,524, reducing his stake by 4.65% to 1,234,688 shares (worth ~ $4.91M).
- The Doherty sale is part of a cluster of insider exits — director Jonathan M. Rothberg sold ~1.14M shares across Jan. 6–8 and CTO Victor Ku sold 35,968 shares — which may add near‑term selling pressure.
- Butterfly remains loss‑making with negative EPS and margins, trades around $4 with a $1.02B market cap, and carries a consensus "Hold" target of $3.67 amid mixed analyst ratings.
Butterfly Network, Inc. (NYSE:BFLY - Get Free Report) EVP John Doherty sold 60,182 shares of Butterfly Network stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $3.98, for a total value of $239,524.36. Following the completion of the transaction, the executive vice president owned 1,234,688 shares of the company's stock, valued at approximately $4,914,058.24. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Butterfly Network Trading Down 3.0%
Shares of Butterfly Network stock opened at $4.03 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings 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's 50 day simple moving average is $3.13 and its 200-day simple moving average is $2.30.
Butterfly Network (NYSE:BFLY - Get Free Report) last issued its quarterly earnings data on Friday, October 31st. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $21.49 million during the quarter, compared to the consensus estimate of $21.23 million. Butterfly Network had a negative return on equity of 37.80% and a negative net margin of 90.31%. Sell-side analysts predict that Butterfly Network, Inc. will post -0.35 earnings per share for the current year.
Hedge Funds Weigh In On Butterfly Network
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Butterfly Network by 40.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,318 shares of the company's stock worth $192,000 after purchasing an additional 13,618 shares during the period. Green Alpha Advisors LLC raised its holdings in Butterfly Network by 7.0% during the 4th quarter. Green Alpha Advisors LLC now owns 176,371 shares of the company's stock worth $670,000 after buying an additional 11,518 shares during the period. Wisconsin Wealth Advisors LLC acquired a new position in shares of Butterfly Network in the fourth quarter worth about $38,000. CIBC Bancorp USA Inc. acquired a new position in shares of Butterfly Network in the third quarter worth about $40,000. Finally, Kestra Private Wealth Services LLC increased its position in shares of Butterfly Network by 93.9% in the third quarter. Kestra Private Wealth Services LLC now owns 50,017 shares of the company's stock worth $97,000 after acquiring an additional 24,217 shares in the last quarter. 37.85% of the stock is owned by institutional investors.
Butterfly Network News Roundup
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.
Wall Street Analyst Weigh In
Several equities research analysts have commented on BFLY shares. Weiss Ratings restated a "sell (d-)" rating on shares of Butterfly Network in a research note on Wednesday, October 8th. Wall Street Zen upgraded Butterfly Network from a "sell" rating to a "hold" rating in a research report on Sunday, November 23rd. Finally, Loop Capital set a $5.00 price target on Butterfly Network in a research report on Wednesday, December 31st. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Butterfly Network presently has a consensus rating of "Hold" and a consensus target price of $3.67.
View Our Latest Stock Report on Butterfly Network
About Butterfly Network
(
Get Free Report)
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.
Further Reading
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