Butterfly Network (NYSE:BFLY) Shares Up 8.8% – Still a Buy?

Posted by Brian Himes on Aug 5th, 2026

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report)’s stock price was up 8.8% during mid-day trading on Monday . The company traded as high as $7.66 and last traded at $7.7350. Approximately 761,749 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 6,708,323 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Butterfly Network in a research note on Monday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.56.

Read Our Latest Research Report on Butterfly Network

Butterfly Network Trading Up 8.1%

The firm has a market cap of $2.26 billion, a P/E ratio of -30.64 and a beta of 2.09. The stock’s fifty day moving average is $6.83 and its two-hundred day moving average is $5.06.

Butterfly Network (NYSE:BFLY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $32.61 million during the quarter, compared to the consensus estimate of $29.16 million. Butterfly Network had a negative net margin of 66.74% and a negative return on equity of 33.99%. On average, analysts forecast that Butterfly Network, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Butterfly Network

In other Butterfly Network news, Director Jonathan M. Rothberg sold 1,195,857 shares of the company’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $6.60, for a total value of $7,892,656.20. Following the transaction, the director directly owned 54,143 shares in the company, valued at $357,343.80. This represents a 95.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joseph Devivo sold 211,798 shares of Butterfly Network stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $6.56, for a total value of $1,389,394.88. Following the sale, the chief executive officer owned 7,672,046 shares of the company’s stock, valued at approximately $50,328,621.76. This trade represents a 2.69% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 4,909,059 shares of company stock valued at $32,193,361 over the last 90 days. Insiders own 21.99% of the company’s stock.

Institutional Investors Weigh In On Butterfly Network

Hedge funds have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Butterfly Network by 4.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,500 shares of the company’s stock worth $358,000 after buying an additional 2,000 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Butterfly Network by 24.0% during the 1st quarter. Principal Financial Group Inc. now owns 14,247 shares of the company’s stock valued at $58,000 after buying an additional 2,753 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Butterfly Network by 25.4% during the 4th quarter. Farther Finance Advisors LLC now owns 15,281 shares of the company’s stock worth $58,000 after acquiring an additional 3,098 shares during the last quarter. Opal Wealth Advisors LLC grew its position in Butterfly Network by 10.1% in the fourth quarter. Opal Wealth Advisors LLC now owns 36,679 shares of the company’s stock worth $139,000 after acquiring an additional 3,355 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its position in Butterfly Network by 11.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 55,517 shares of the company’s stock worth $211,000 after acquiring an additional 5,500 shares in the last quarter. 37.85% of the stock is currently owned by institutional investors.

Butterfly Network Company Profile

(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.