Victor Ku Sells 48,540 Shares of Butterfly Network (NYSE:BFLY) Stock

30 Jul 2026, 08:52 by Sarita Garza · The Markets Daily

Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) CTO Victor Ku sold 48,540 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $6.56, for a total value of $318,422.40. Following the transaction, the chief technology officer directly owned 1,015,099 shares in the company, valued at approximately $6,659,049.44. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Victor Ku also recently made the following trade(s):

On Tuesday, July 7th, Victor Ku sold 35,649 shares of Butterfly Network stock. The shares were sold at an average price of $7.87, for a total value of $280,557.63.

Butterfly Network Trading Down 0.2%

Shares of NYSE BFLY opened at $7.16 on Thursday. Butterfly Network, Inc. has a 12 month low of $1.32 and a 12 month high of $9.69. The stock has a 50 day moving average of $6.53 and a 200-day moving average of $4.96. The company has a market capitalization of $1.82 billion, a P/E ratio of -23.85 and a beta of 2.05.

Butterfly Network (NYSE:BFLY – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Butterfly Network had a negative return on equity of 34.41% and a negative net margin of 73.63%.The business had revenue of $26.53 million for the quarter, compared to analyst estimates of $26.08 million. Analysts predict that Butterfly Network, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Butterfly Network

Institutional Investors Weigh In On Butterfly Network

Institutional investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of Butterfly Network in the first quarter valued at approximately $25,000. Ameriprise Financial Inc. bought a new position in shares of Butterfly Network during the third quarter worth approximately $25,000. BNP Paribas Financial Markets lifted its holdings in Butterfly Network by 707.2% during the 2nd quarter. BNP Paribas Financial Markets now owns 16,258 shares of the company’s stock worth $33,000 after purchasing an additional 14,244 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Butterfly Network during the 4th quarter worth approximately $38,000. Finally, Sfmg LLC bought a new stake in Butterfly Network in the 4th quarter valued at $39,000. Institutional investors own 37.85% of the company’s stock.

Key Stories Impacting Butterfly Network

Here are the key news stories impacting Butterfly Network this week:

Positive Sentiment: Investor attention is focused on Butterfly Network’s upcoming second-quarter results. Analysts expect revenue to rise 21.5%, supported by demand for the iQ3 ultrasound system, wider adoption of Compass AI and growth in the Embedded business. A strong report could support the recent rally. Can AI Momentum and Embedded Growth Lift BFLY’s Q2 Results?
Neutral Sentiment: CEO Joseph DeVivo, EVP John Doherty and CTO Victor Ku collectively sold approximately 317,000 shares at $6.56 per share. The sales were made to cover tax-withholding obligations when equity awards vested, reducing their significance as a signal of weakening confidence; all three executives retain sizable holdings. SEC filing for executive transactions
Neutral Sentiment: Institutional ownership stands at 37.85%. Recent activity included new positions and a significant increase by BNP Paribas Financial Markets, although the disclosed purchases were relatively small and provide limited evidence of a major change in institutional conviction.
Negative Sentiment: Founder and Director Jonathan Rothberg sold about 3.8 million shares for roughly $25 million from July 17 through July 22 under a pre-arranged Rule 10b5-1 plan. While the sales were reportedly connected to estate planning, the sharp reduction in his direct ownership may concern investors and add potential overhang. Butterfly Network Founder Sells Shares
Negative Sentiment: Valuation concerns remain: BFLY is still unprofitable, with analysts expecting a full-year loss, while the consensus rating is “Hold” and the $5.56 target price is below recent trading levels.

Butterfly Network Company Profile

(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.