Stock Traders Buy Large Volume of Butterfly Network Call Options (NYSE:BFLY)

Butterfly Network, Inc. (NYSE:BFLY) was the target of unusually large options trading activity on Thursday. Stock investors acquired 10,005 call options on the company. This is an increase of 146% compared to the typical volume of 4,061 call options.

Insider Activity at Butterfly Network

In other Butterfly Network news, Director Jonathan M. Rothberg sold 335,834 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $4.18, for a total transaction of $1,403,786.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John N. Doherty sold 60,182 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was 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 directly owned 1,234,688 shares of the company’s stock, valued at approximately $4,914,058.24. This trade represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,725,727 shares of company stock valued at $16,172,849. 25.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Butterfly Network by 114.7% in the 2nd quarter. Geode Capital Management LLC now owns 4,339,362 shares of the company’s stock worth $8,680,000 after purchasing an additional 2,317,882 shares during the period. Perkins Capital Management Inc. grew its holdings in shares of Butterfly Network by 213.0% during the 3rd quarter. Perkins Capital Management Inc. now owns 924,280 shares of the company’s stock worth $1,784,000 after purchasing an additional 629,020 shares during the period. Acadian Asset Management LLC increased its position in Butterfly Network by 44.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,313,316 shares of the company’s stock worth $4,624,000 after purchasing an additional 714,764 shares in the last quarter. DNB Asset Management AS raised its holdings in Butterfly Network by 145.0% in the second quarter. DNB Asset Management AS now owns 281,715 shares of the company’s stock valued at $563,000 after buying an additional 166,749 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new position in Butterfly Network during the second quarter valued at approximately $72,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

Butterfly Network Stock Performance

Butterfly Network stock opened at $4.65 on Friday. Butterfly Network has a 1 year low of $1.32 and a 1 year high of $5.03. The firm has a 50 day moving average price of $3.81 and a 200 day moving average price of $2.76. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -14.09 and a beta of 2.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BFLY shares. Lake Street Capital raised their price target on shares of Butterfly Network from $4.00 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Wall Street Zen raised shares of Butterfly Network from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Loop Capital set a $5.00 target price on shares of Butterfly Network in a research note on Wednesday, December 31st. Finally, Craig Hallum reiterated a “buy” rating and issued a $5.25 price target on shares of Butterfly Network in a report on Wednesday, January 21st. Three 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.25.

Key Stories Impacting Butterfly Network

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

• Positive Sentiment: Q4 revenue topped expectations — Butterfly reported $31.51M in Q4 revenue (above consensus) and highlighted record revenue growth in its earnings discussion, a key driver for the stock’s strength today. Butterfly Network Inc (BFLY) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Raised FY2026 revenue guidance — management guided revenue of $117.0M–$121.0M for FY2026, above the prior consensus (~$108.5M), signaling stronger top-line visibility going forward. Butterfly Network Reports Fourth Quarter 2025 Financial Results
• Positive Sentiment: EPS loss narrower than expected — reported loss per share of ($0.02) vs. consensus ($0.04), an improvement vs. prior year and a positive surprise that reduces near-term downside risk. Butterfly Network, Inc. (BFLY) Reports Q4 Loss, Tops Revenue Estimates
• Positive Sentiment: Unusual options activity — traders bought ~10,005 call options (≈146% above average), suggesting speculative bullish interest that may amplify intraday moves (short-term technical catalyst).
• Neutral Sentiment: Management commentary and conference call available — management framed Q4 as validation of their strategy; investors should listen to the call for execution details and margin roadmap. Listen to Conference Call / Transcript
• Negative Sentiment: Company remains unprofitable with weak margins — Butterfly reported a large negative net margin (~90%) and negative return on equity, underscoring that profitability is still a material risk despite revenue momentum. Earnings / Financial Metrics

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.