Jonathan Rothberg Sells 351,617 Shares of Butterfly Network (NYSE:BFLY) Stock

Butterfly Network, Inc. (NYSE:BFLY) Director Jonathan Rothberg sold 351,617 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $4.03, for a total value of $1,417,016.51. Following the completion of the transaction, the director owned 788,563 shares in the company, valued at $3,177,908.89. The trade was a 30.84% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Butterfly Network Stock Down 3.0%

Butterfly Network stock opened at $4.03 on Friday. The company has a fifty day simple moving average of $3.13 and a 200-day simple moving average of $2.30. The firm 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 52-week low of $1.32 and a 52-week high of $4.98.

Butterfly Network (NYSE:BFLY) last posted its quarterly earnings results on Friday, October 31st. The company reported ($0.04) earnings per share for the quarter, topping 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 firm had revenue of $21.49 million for the quarter, compared to analyst estimates of $21.23 million. On average, research analysts anticipate that Butterfly Network, Inc. will post -0.35 EPS for the current fiscal year.

Butterfly Network News Summary

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.

Institutional Trading of Butterfly Network

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased 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 valued at $192,000 after acquiring an additional 13,618 shares during the last quarter. Green Alpha Advisors LLC boosted its position in shares of 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 purchasing an additional 11,518 shares during the period. Wisconsin Wealth Advisors LLC acquired a new stake in Butterfly Network in the 4th quarter valued at approximately $38,000. CIBC Bancorp USA Inc. purchased a new stake in Butterfly Network in the third quarter valued at approximately $40,000. Finally, Kestra Private Wealth Services LLC lifted its stake in Butterfly Network by 93.9% during the third quarter. Kestra Private Wealth Services LLC now owns 50,017 shares of the company’s stock worth $97,000 after purchasing an additional 24,217 shares in the last quarter. 37.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on BFLY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a research report on Wednesday, October 8th. Wall Street Zen upgraded Butterfly Network from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Finally, Loop Capital set a $5.00 price target on shares of Butterfly Network in a research report on Wednesday, December 31st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.67.

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.