Butterfly Network (NYSE:BFLY) CEO Joseph Devivo Sells 68,346 Shares of Stock

Posted by Brenda Bartman on Aug 13th, 2026

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) CEO Joseph Devivo sold 68,346 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $10.01, for a total transaction of $684,143.46. Following the completion of the sale, the chief executive officer directly owned 7,603,700 shares of the company’s stock, valued at $76,113,037. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Joseph Devivo also recently made the following trade(s):

On Monday, July 20th, Joseph Devivo sold 211,798 shares of Butterfly Network stock. The shares were sold at an average price of $6.56, for a total transaction of $1,389,394.88.
On Tuesday, July 7th, Joseph Devivo sold 204,725 shares of Butterfly Network stock. The shares were sold at an average price of $7.87, for a total transaction of $1,611,185.75.

Butterfly Network Trading Up 1.2%

BFLY stock opened at $9.48 on Thursday. Butterfly Network, Inc. has a 52 week low of $1.34 and a 52 week high of $10.05. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -32.69 and a beta of 2.09. The firm’s 50-day moving average is $7.36 and its two-hundred day moving average is $5.26.

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

Institutional Trading of Butterfly Network

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Butterfly Network by 4.3% during the third quarter. Vanguard Group Inc. now owns 11,040,080 shares of the company’s stock worth $21,307,000 after buying an additional 453,258 shares in the last quarter. ARK Investment Management LLC grew its position in Butterfly Network by 1.6% in the fourth quarter. ARK Investment Management LLC now owns 6,244,427 shares of the company’s stock worth $23,729,000 after buying an additional 99,079 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Butterfly Network by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,679,120 shares of the company’s stock valued at $17,785,000 after buying an additional 75,243 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Butterfly Network by 71.0% in the first quarter. Bank of America Corp DE now owns 4,165,222 shares of the company’s stock valued at $16,827,000 after buying an additional 1,728,938 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its position 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 valued at $12,920,000 after acquiring an additional 3,000,000 shares during the last quarter. 37.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on BFLY

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.