BFLY — Butterfly Network Inc

Founder-Led

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates BFLY Bullish with a Setup Score of 18, net conviction 46, actionability 7. How the Setup Score works →

Total Setup Score18
Directional BiasBullish
Net Conviction46
Actionability7 (in range)

Key signals behind this score

About Butterfly Network Inc

Butterfly Network, Inc. develops, manufactures, and commercializes ultrasound imaging solutions in the United States and internationally. The company offers Butterfly iQ+ and iQ3 ultrasound devices that can perform whole-body imaging on a single handheld probe integrated with the clinical workflow, and accessible on a user's smartphone, tablet, and almost any hospital computer system; Butterfly Move, merging the mobility of a handheld with the st… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$9.04
Market Cap$2.44B
Float218.5M
Shares Outstanding244.9M
Price/Sales (TTM)21.77
vs. Analyst Target+3.0% to analyst PT
Profit Margin-66.75%
Operating Margin (TTM)-30.90%
Revenue (TTM)$112M
Dividend RateNone
Analyst Target Price$9.31 (4 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $46.3M -$163M -$61.2M -$160M
2021 $62.6M -$32.4M $17.1M -$29.5M
2022 $73.4M -$169M $39.5M -$163M
2023 $65.9M -$134M $16.9M -$123M
2024 $82.1M -$72.5M $48.8M -$60.9M
2025 $97.6M -$77.1M $45.7M -$67.4M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $21.5M -$34.0M
Dec 2025 $31.5M -$15.3M
Mar 2026 $26.5M -$12.7M
Jun 2026 $29.0M -$12.9M

Ownership & Float

Insider Ownership10.2%
Institutional Ownership61.3%
Short Float15.0%
% of All Funds Holding2.77%
Number of Funds Holding244

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$8.11Near-term / short-term trend
Weekly40-Week SMA$5.18Medium-term trend
Weekly80-Week SMA$3.70Cyclical trend (business cycle)
Weekly200-Week SMA$2.62Secular trend (multi-year)
Monthly10-Month SMA$5.26Near-term monthly trend
Monthly20-Month SMA$3.86Medium-term monthly trend
Monthly40-Month SMA$2.71Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$4.50 support 1.77x 1 months ago
$3.00 support 1.11x 7 months ago
$2.00 support 1.72x 9 months ago
$1.60 support 1.29x 10 months ago
$1.20 support 1.79x 22 months ago

Historical Earnings Reactions (25 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.13% 0.26% 56.00% 14.10% -24.32%
1 Day 0.92% 0.49% 56.00% 17.15% -19.59%
1 Week -0.01% -2.86% 40.00% 52.12% -21.63%
2 Weeks -3.27% -5.45% 40.00% 30.05% -32.85%
1 Month 2.09% 0.48% 54.17% 63.05% -31.76%

Next earnings: October 18, 2026 (53 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.18% 50.2% 287
Tuesday 0.46% 43.4% 318
Wednesday 0.04% 47.5% 316
Thursday 0.46% 42.2% 308
Friday -0.27% 40.7% 307

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 61.3%

Insider Transactions — Smart Summary

Total insider ownership: 10.2%

Founder-led management: Jonathan Rothberg (Founder & Director)

12-Month Insider Activity Summary

Total Filings48
Net Value-$14.6M
Net Shares Change-14,367,023
% of Float-6.6%
C-Suite Filings28
Clusters Detected8

Key Insiders

NameTitleNet ValueFilingsActivity
ROBBINS LARRY -$34.6M 2 2 sell
DEVIVO JOSEPH President & CEO -$3.0M 2 2 sell
Cashman Steve Chief Business Officer -$1.9M 1 1 sell
Phanstiel S. Louise +$999,509.76 1 1 buy
Carlson Megan CAO and SVP, Finance -$870,320.368 2 2 sell
Ku Victor Chief Technology Officer -$318,422.4 1 1 sell
Caezza Nicholas Deputy General Counsel -$97,500 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-08-27 – 2025-09-08 4 3 -$155,725.883 4 C-suite
2025-11-21 – 2025-12-05 5 3 +$3.9M 1 C-suite
2025-12-08 – 2025-12-17 6 3 -$7.4M
2025-12-29 – 2026-01-09 4 3 -$5.3M 2 C-suite
2026-03-02 – 2026-03-06 6 4 -$3.8M 6 C-suite
2026-07-07 – 2026-07-21 9 5 -$54.9M 7 C-suite
2026-07-24 – 2026-08-04 3 3 -$18.8M 1 C-suite
2026-08-12 – 2026-08-17 4 4 -$20.4M 2 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-17 Phanstiel S. Louise +$999,509.76 Transaction at $8.68, now +4.2%
2026-08-04 Carlson Megan CAO and SVP, Finance -$541,383.276 Transaction at $7.86, now +15.0%
2026-08-12 Caezza Nicholas Deputy General Counsel -$97,500 Transaction at $9.75, now -7.3%
2026-08-17 ROBBINS LARRY -$20.6M Transaction at $8.98, now +0.7%
2026-06-09 Cashman Steve Chief Business Officer -$1.9M Transaction at $4.74, now +90.7%
2026-08-03 ROBBINS LARRY -$14.0M Transaction at $7.45, now +21.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Butterfly Network Inc (BFLY) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for BFLY on Trend Edge →