Butterfly Network Director Phanstiel Buys $1.0 Million in Stock. Is This a Sign Investors Should Also Buy?
Purchase increases her total beneficial ownership to 691,413 shares, or 0.26% of the company, as BFLY stock has surged 527% over the past year.
Overview
Director Louise S. Phanstiel purchased 115,200 shares of Butterfly Network, Inc. (NYSE:BFLY) in an indirect transaction on August 14, 2026. SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average purchase price ($8.68); post-transaction value based on the August 14, 2026 market close ($8.84).
Details
Butterfly Network is a digital health enterprise with a market capitalization of $2.4 billion, operating with 220 employees from its Burlington, Mass., headquarters. The company has demonstrated significant momentum, with TTM revenue of $112.1 million, though it remains in a net loss position as it scales its commercialization efforts. Butterfly Network's competitive differentiation lies in its proprietary semiconductor-based ultrasound technology, which enables unprecedented portability and ease of use, positioning the company to capture market share in the global point-of-care ultrasound market.
Source
Originally published at www.fool.com.