Sei Investments Co. Increases Stock Holdings in Butterfly Network, Inc. $BFLY

Sei Investments Co. boosted its stake in Butterfly Network, Inc. (NYSE:BFLY) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,298,894 shares of the company’s stock after acquiring an additional 539,171 shares during the period. Sei Investments Co.’s holdings in Butterfly Network were worth $9,288,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Invesco Ltd. purchased a new position in Butterfly Network during the 1st quarter valued at $85,000. Goldman Sachs Group Inc. lifted its position in shares of Butterfly Network by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 756,426 shares of the company’s stock worth $1,725,000 after purchasing an additional 29,958 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Butterfly Network by 9,055.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 92,017 shares of the company’s stock worth $184,000 after purchasing an additional 91,012 shares during the period. Legal & General Group Plc boosted its stake in shares of Butterfly Network by 136.5% during the 2nd quarter. Legal & General Group Plc now owns 206,985 shares of the company’s stock valued at $414,000 after purchasing an additional 119,455 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Butterfly Network during the 2nd quarter valued at about $475,000. Institutional investors own 37.85% of the company’s stock.

Butterfly Network Stock Down 13.3%

BFLY opened at $7.08 on Friday. Butterfly Network, Inc. has a 52 week low of $1.32 and a 52 week high of $9.69. The stock has a market cap of $1.80 billion, a PE ratio of -24.43 and a beta of 2.05. The business has a 50 day moving average of $6.66 and a 200-day moving average of $5.00.

Butterfly Network (NYSE:BFLY) last issued its quarterly earnings results on Thursday, July 30th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $32.61 million for the quarter, compared to analysts’ expectations of $29.16 million. Butterfly Network had a negative return on equity of 33.66% and a negative net margin of 66.74%.

Trending Headlines about Butterfly Network

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

• Positive Sentiment: Butterfly reported second-quarter adjusted loss of $0.01 per share, narrower than the $0.03 analyst consensus and improved from a $0.06 loss a year earlier. Revenue rose to $32.61 million, exceeding estimates of $29.16 million. Butterfly Network Reports Q2 Loss, Beats Revenue Estimates
• Positive Sentiment: The company’s quarter was reportedly supported by its partnership with Midjourney, helping fuel investor interest in Butterfly’s ultrasound technology, cloud software and artificial-intelligence strategy. Butterfly Network Stock Jumps After Q2 Beat Fueled by Midjourney Partnership
• Neutral Sentiment: Butterfly guided to full-year 2026 revenue of $119 million to $123 million, compared with consensus of $119 million. Third-quarter revenue guidance is $26 million to $30 million, with a midpoint slightly below the $28.8 million analyst estimate. Butterfly Network Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Despite the improvement, Butterfly remains unprofitable, with a reported negative net margin of 73.63% and negative return on equity of 34.41%. The modest third-quarter outlook may be disappointing for investors expecting faster growth after the recent share-price advance. Butterfly Network Q2 2026 Earnings Call Transcript

Insider Buying and Selling at Butterfly Network

In related news, Director Jonathan M. Rothberg sold 659,913 shares of Butterfly Network stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $6.47, for a total transaction of $4,269,637.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP John N. Doherty sold 57,136 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $6.56, for a total transaction of $374,812.16. Following the sale, the executive vice president directly owned 1,397,276 shares in the company, valued at $9,166,130.56. The trade was a 3.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 4,840,207 shares of company stock worth $31,652,184. Corporate insiders own 21.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Butterfly Network in a research report on Wednesday, May 6th. Three equities 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.56.

About Butterfly Network

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.