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Director Larry Robbins of Butterfly Network, Inc. NASDAQ:BFLY, has purchased a total of 2,800,000 shares of Class A Common Stock in three separate transactions, according to a Form 4 filing with the Securities and Exchange Commission. The stock, currently trading at $2.65, has shown significant volatility with a beta of 2.36.
The purchases, all designated with transaction code "P", occurred between November 19 and November 21, 2025. The prices paid ranged from $2.3539 to $2.5802 per share, resulting in a total investment of $6,784,060. This insider buying comes as BFLY has posted a remarkable 25% return over the past week, according to InvestingPro data.
Specifically, on November 19, Robbins acquired 1,000,000 shares at a weighted average price of $2.3539. On November 20, another 1,000,000 shares were purchased at $2.366. The final transaction on November 21 involved the purchase of 800,000 shares at $2.5802.
Following these transactions, Robbins directly and indirectly owns 12,755,144 shares.
In other recent news, Butterfly Network, Inc. reported mixed financial results for the third quarter of 2025. The company’s revenue exceeded expectations, reaching $21.5 million, slightly above the forecast of $21.22 million. However, the earnings per share (EPS) did not meet projections, showing a loss of $0.13 compared to the anticipated loss of $0.04. In addition to its earnings report, Butterfly Network announced a significant co-development and licensing agreement with Midjourney, Inc. This agreement involves a one-time payment of $15 million and an annual license fee of $10 million, with potential additional payments based on milestone achievements. Furthermore, Butterfly Network launched Compass AI, an enterprise software platform aimed at enhancing point-of-care ultrasound programs. The AI-powered platform seeks to improve documentation and workflow efficiencies, addressing challenges in financial viability for healthcare systems. These developments highlight Butterfly Network’s ongoing strategic initiatives and technological advancements.
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