Keenan LLC Makes New $339,000 Investment in Butterfly Network, Inc. $BFLY

Posted by Stanley Muller on Jun 19th, 2026

Keenan LLC acquired a new stake in Butterfly Network, Inc. (NYSE:BFLY – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 89,175 shares of the company’s stock, valued at approximately $339,000. Butterfly Network accounts for 19.4% of Keenan LLC’s investment portfolio, making the stock its 3rd largest position.

Several other large investors have also recently made changes to their positions in BFLY. AWM Investment Company Inc. raised its stake in shares of Butterfly Network by 750.0% during the 4th quarter. AWM Investment Company Inc. now owns 3,400,000 shares of the company’s stock worth $12,920,000 after purchasing an additional 3,000,000 shares during the period. First Light Asset Management LLC grew its position in Butterfly Network by 149.3% during the fourth quarter. First Light Asset Management LLC now owns 2,812,131 shares of the company’s stock valued at $10,686,000 after buying an additional 1,684,133 shares during the period. Sei Investments Co. purchased a new stake in Butterfly Network during the second quarter worth about $2,183,000. Deutsche Bank AG increased its holdings in Butterfly Network by 156.7% during the fourth quarter. Deutsche Bank AG now owns 1,652,237 shares of the company’s stock worth $6,279,000 after buying an additional 1,008,556 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Butterfly Network by 126.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,801,081 shares of the company’s stock worth $6,844,000 after acquiring an additional 1,006,095 shares during the period. 37.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BFLY has been the subject of a number of research reports. TD Cowen increased their target price on shares of Butterfly Network from $4.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, May 6th. Loop Capital set a $5.50 price objective on Butterfly Network in a research note on Monday, March 2nd. Finally, Zacks Research raised Butterfly Network from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.56.

Check Out Our Latest Report on Butterfly Network

Butterfly Network Stock Up 55.0%

Shares of NYSE:BFLY opened at $8.85 on Friday. The firm has a market capitalization of $2.25 billion, a PE ratio of -29.50 and a beta of 2.22. The company has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $4.13. Butterfly Network, Inc. has a twelve month low of $1.32 and a twelve month high of $8.94.

Butterfly Network (NYSE:BFLY – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. The company had revenue of $26.53 million for the quarter, compared to analyst estimates of $26.08 million. Butterfly Network had a negative net margin of 73.63% and a negative return on equity of 34.41%. Analysts anticipate that Butterfly Network, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Butterfly Network news, insider Steve Cashman sold 294,680 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $4.66, for a total transaction of $1,373,208.80. Following the sale, the insider owned 1,630,407 shares in the company, valued at $7,597,696.62. This represents a 15.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 21.99% of the stock is currently owned by corporate insiders.

Butterfly Network Profile

(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.