{
  "id": 13703163,
  "title": "Butterfly Network CAO Megan Carlson sells $88,446 in stock",
  "url": "https://urgent.news/2026/10/11/butterfly-network-cao-megan-carlson-sells-88-446-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-11T11:01:07.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/butterfly-network-cao-megan-carlson-sells-88446-in-stock-93CH-4942595"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}