Butterfly Network (NYSE:BFLY) Stock Price Down 8.5% – Here’s What Happened

Posted by Brenda Bartman on Jul 31st, 2026

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report)’s share price dropped 8.5% during mid-day trading on Friday . The stock traded as low as $7.47 and last traded at $7.4740. 1,408,642 shares traded hands during trading, a decline of 79% from the average daily volume of 6,677,343 shares. The stock had previously closed at $8.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.56.

View Our Latest Research Report on BFLY

Butterfly Network Stock Performance

The firm has a 50-day moving average price of $6.61 and a two-hundred day moving average price of $4.99. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -24.68 and a beta of 2.05.

Butterfly Network (NYSE:BFLY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. 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 return on equity of 34.41% and a negative net margin of 73.63%. Research analysts anticipate that Butterfly Network, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Butterfly Network

In related news, CEO Joseph Devivo sold 211,798 shares of Butterfly Network stock in a transaction on Monday, July 20th. The shares were sold at an average price of $6.56, for a total transaction of $1,389,394.88. Following the sale, the chief executive officer directly owned 7,672,046 shares in the company, valued at $50,328,621.76. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jonathan M. Rothberg sold 1,195,857 shares of Butterfly Network stock in a transaction on Friday, July 17th. The stock was sold at an average price of $6.60, for a total transaction of $7,892,656.20. Following the sale, the director owned 54,143 shares in the company, valued at $357,343.80. This represents a 95.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 4,840,207 shares of company stock worth $31,652,184. Corporate insiders own 21.99% of the company’s stock.

Institutional Trading of Butterfly Network

Hedge funds and other institutional investors have recently made changes to their positions in the company. AWM Investment Company Inc. boosted its position in shares of Butterfly Network by 750.0% in the 4th quarter. AWM Investment Company Inc. now owns 3,400,000 shares of the company’s stock valued at $12,920,000 after purchasing an additional 3,000,000 shares during the period. Bank of America Corp DE increased its position in Butterfly Network by 71.0% during the first quarter. Bank of America Corp DE now owns 4,165,222 shares of the company’s stock worth $16,827,000 after buying an additional 1,728,938 shares during the period. First Light Asset Management LLC increased 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 worth $10,686,000 after buying an additional 1,684,133 shares during the period. Sei Investments Co. acquired a new position in Butterfly Network during the second quarter worth approximately $2,183,000. Finally, Deutsche Bank AG lifted its stake in Butterfly Network by 156.7% in the fourth quarter. Deutsche Bank AG now owns 1,652,237 shares of the company’s stock valued at $6,279,000 after buying an additional 1,008,556 shares during the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.

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.