Insider Selling: Butterfly Network (NYSE:BFLY) General Counsel Sells 10,000 Shares of Stock

Posted by Francis Steltz on Aug 12th, 2026

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) General Counsel Nicholas Caezza sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.75, for a total transaction of $97,500.00. Following the sale, the general counsel directly owned 300,307 shares in the company, valued at approximately $2,927,993.25. This trade represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Butterfly Network Stock Up 1.2%

Shares of BFLY traded up $0.11 during mid-day trading on Wednesday, reaching $9.48. The company’s stock had a trading volume of 3,901,165 shares, compared to its average volume of 6,789,414. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -32.69 and a beta of 2.09. The business has a fifty day moving average of $7.26 and a 200 day moving average of $5.23. Butterfly Network, Inc. has a 1 year low of $1.34 and a 1 year high of $10.05.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.56.

View Our Latest Research Report on BFLY

Institutional Investors Weigh In On Butterfly Network

A number of hedge funds and other institutional investors have recently made changes to their positions in BFLY. Janus Henderson Group PLC bought a new stake in Butterfly Network during the first quarter worth approximately $446,000. Dimensional Fund Advisors LP grew its holdings in Butterfly Network by 30.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,358,181 shares of the company’s stock valued at $9,524,000 after purchasing an additional 557,100 shares during the last quarter. Clough Capital Partners L P bought a new position in shares of Butterfly Network in the fourth quarter valued at approximately $845,000. Sei Investments Co. lifted its stake in shares of Butterfly Network by 30.6% in the first quarter. Sei Investments Co. now owns 2,298,894 shares of the company’s stock worth $9,288,000 after buying an additional 539,171 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Butterfly Network in the first quarter worth $545,000. 37.85% of the stock is owned by hedge funds and other institutional investors.

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.