Butterfly Network (NYSE:BFLY) Trading 9.4% Higher – Still a Buy?

Posted by Stanley Muller on Sep 15th, 2026

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report)’s share price rose 9.4% during mid-day trading on Tuesday . The company traded as high as $8.10 and last traded at $8.11. 2,721,278 shares were traded during mid-day trading, a decline of 58% from the average session volume of 6,453,858 shares. The stock had previously closed at $7.41.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BFLY. TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Butterfly Network in a research report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Butterfly Network in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.56.

Read Our Latest Research Report on Butterfly Network

Butterfly Network Stock Up 4.8%

The stock has a market cap of $2.07 billion, a P/E ratio of -26.67 and a beta of 2.08. The company has a 50-day simple moving average of $7.97 and a two-hundred day simple moving average of $6.03.

Butterfly Network (NYSE:BFLY – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $29.16 million. As a group, sell-side analysts forecast that Butterfly Network, Inc. will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Butterfly Network news, insider Steve Cashman sold 140,112 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $7.30, for a total value of $1,022,817.60. Following the transaction, the insider owned 1,490,295 shares in the company, valued at approximately $10,879,153.50. The trade was a 8.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Megan Carlson sold 13,804 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $7.30, for a total transaction of $100,769.20. Following the transaction, the chief accounting officer directly owned 412,085 shares of the company’s stock, valued at approximately $3,008,220.50. This trade represents a 3.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 4,743,569 shares of company stock worth $32,219,597. 21.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Butterfly Network by 71.0% in the 1st 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 last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 557,100 shares during the period. Sei Investments Co. raised its holdings in shares of Butterfly Network by 30.6% during the first quarter. Sei Investments Co. now owns 2,298,894 shares of the company’s stock valued at $9,288,000 after acquiring an additional 539,171 shares in the last quarter. Perkins Capital Management Inc. raised its holdings in shares of Butterfly Network by 0.8% during the first quarter. Perkins Capital Management Inc. now owns 930,930 shares of the company’s stock valued at $3,761,000 after acquiring an additional 7,150 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in Butterfly Network by 116.1% in the fourth quarter. DNB Asset Management AS now owns 780,335 shares of the company’s stock worth $2,965,000 after acquiring an additional 419,197 shares during the period. Institutional investors own 37.85% of the company’s stock.

Butterfly Network Company Profile

(Get Free Report)

Butterfly Network, Inc develops portable, semiconductor-based ultrasound systems designed to make diagnostic imaging more accessible across hospitals, clinics, physician offices, emergency services and other care settings. Its technology uses a single handheld probe with software-enabled imaging capabilities, rather than requiring multiple dedicated ultrasound machines.

The company’s product portfolio includes the Butterfly iQ, iQ+, and iQ3 handheld ultrasound devices, along with related software and cloud-based tools.