Butterfly Network (NYSE:BFLY) Stock Price Up 10.6% – Should You Buy?

27 Oct 2026, 14:41 by Scott Moore · The Cerbat Gem

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) shares shot up 10.6% on Tuesday. The stock traded as high as $7.40 and last traded at $7.3650. 2,866,786 shares changed hands during trading, a decline of 55% from the average session volume of 6,338,594 shares. The stock had previously closed at $6.66.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BFLY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a report on Monday, August 3rd. TD Cowen restated a “buy” rating and set a $10.00 target price on shares of Butterfly Network in a report on Friday, September 11th. Needham & Company LLC initiated coverage on shares of Butterfly Network in a report on Tuesday, September 22nd. They set a “buy” rating and a $10.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Butterfly Network in a research report on Monday, October 12th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Evercore started coverage on shares of Butterfly Network in a research note on Tuesday, September 29th. They issued an “outperform” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Butterfly Network presently has a consensus rating of “Moderate Buy” and an average target price of $8.75.

Read Our Latest Report on Butterfly Network

Butterfly Network Stock Up 10.6%

The firm has a fifty day moving average of $8.21 and a 200-day moving average of $5.97. The firm has a market cap of $1.96 billion, a P/E ratio of -25.40 and a beta of 2.04.

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 analysts’ consensus estimates 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 return on equity of 33.99% and a negative net margin of 66.74%. On average, equities analysts forecast that Butterfly Network, Inc. will post -0.18 EPS for the current year.

Insider Activity at Butterfly Network

In other news, Director Louise Phanstiel bought 115,200 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $8.68 per share, with a total value of $999,936.00. Following the completion of the purchase, the director owned 300,461 shares of the company’s stock, valued at $2,608,001.48. This represents a 62.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Nicholas Caezza sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.75, for a total transaction of $97,500.00. Following the transaction, the general counsel owned 300,307 shares in the company, valued at approximately $2,927,993.25. The trade was a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 354,707 shares of company stock worth $2,967,211. Insiders own 21.99% of the company’s stock.

Institutional Trading of Butterfly Network

A number of large investors have recently added to or reduced their stakes in BFLY. State Street Corp grew its position in shares of Butterfly Network by 4.0% in the 2nd quarter. State Street Corp now owns 5,762,672 shares of the company’s stock valued at $48,522,000 after acquiring an additional 223,012 shares during the period. Bank of America Corp DE increased its stake in shares of Butterfly Network by 71.0% during the 1st quarter. Bank of America Corp DE now owns 4,165,222 shares of the company’s stock worth $16,827,000 after purchasing 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 1st quarter. Dimensional Fund Advisors LP now owns 2,358,181 shares of the company’s stock worth $9,524,000 after purchasing an additional 557,100 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Butterfly Network by 30.6% in the 1st quarter. Sei Investments Co. now owns 2,298,894 shares of the company’s stock valued at $9,288,000 after purchasing an additional 539,171 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Butterfly Network in the 2nd quarter valued at about $4,878,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

About Butterfly Network

(Get Free Report)

Butterfly Network, Inc develops portable medical imaging technology designed to make ultrasound more accessible across hospitals, clinics, emergency-care settings and other care environments. The company’s core products use a semiconductor-based ultrasound-on-chip platform, replacing conventional ultrasound systems’ large arrays of piezoelectric transducers with a compact, software-driven probe.