Butterfly Network, Inc. Price & Performance (BFLY-WT)

Butterfly Network’s stock has been upgraded to a buy candidate following a 2.9% gain on April 24 and a recent positive trend in short-term technical indicators. Despite volatility and a broad falling trend, analysts see a fair chance for short-term performance ahead of earnings on May 2. Caution is advised due to high trading risk.12

Institutional participation in Butterfly Network remains robust, with insiders holding over 27% and institutions nearly 38% of shares. Recent insider transactions were automatic, linked to tax obligations. Despite a 22% stock decline year-to-date, analysts maintain buy ratings, and the company’s valuation remains reasonable relative to assets.34

Butterfly Network’s revenue surged 35% year-over-year in the latest quarter, outperforming industry averages. The company’s share price, while volatile, has soared over 250% in the past year, far outpacing the broader market and sector. Analysts remain bullish, but investors are watching for sustained profitability and reduced volatility.56