Butterfly Network CAO Megan Carlson sells $88,446 in stock

Megan Carlson, Butterfly Network's Chief Accounting Officer and Senior Vice President of Finance, sold 10,114 shares of the company's Class A Common Stock on October 2, 2026. The sale amounted to $88,446, with shares traded at prices between $8.69 and $8.82 per share, yielding a weighted average sale price of $8.745. These sales were driven by tax withholding obligations tied to the vesting of restricted stock units, adhering to Butterfly Network's sell-to-cover policy and were executed without Ms. Carlson's discretion.

Butterfly Network shares have increased 262% in the past year, currently trading at $8.25 and boasting a market cap of $2.2 billion. According to InvestingPro analysis, the stock seems overvalued at present. Nonetheless, Carlson's ownership of 401,971 shares of Butterfly Network's Class A Common Stock increased as a result of these transactions.

Earlier this year, Butterfly Network released its Q2 2026 financial results, which were mixed. The company reported an adjusted earnings per share of negative $0.01, surpassing the expected loss of $0.04, though revenue fell short of estimates at $15.72 million versus forecasts of $29.15 million. Despite the revenue shortfall, management noted a record quarter with better margins and greater U.S. sales, forecasting a more positive outlook for the full year.

Analysts have shown interest in Butterfly Network, with Evercore ISI setting an outperform rating and a price target of $15.00, citing the company's ultrasound-on-chip technology and expansion into a chip licensing platform called Embedded. Needham echoed this sentiment with a buy rating and a price target of $10.00, highlighting the cMUT semiconductor chip-based ultrasound technology as a key driver. These factors offer investors a nuanced view of Butterfly Network's potential future performance.