The CEO selling near a post-earnings high after a beat-and-raise is a mild caution flag, but the dollar amount is too small to be predictive. Monitor for any follow-on sales by DeVivo or other C-suite executives in the next 30 days — a pattern would be more concerning. The strong Q2 results and raised guidance provide a fundamental counterweight.
Price Chart
Executive Summary
Butterfly Network insiders, including CEO Joseph DeVivo and Director Larry Robbins, sold a total of ~$1.95M in shares over a 7-day window. The CEO's sale of $684K at ~$10.01 came just 11 days after the company reported a strong Q2 beat-and-raise (revenue +39% YoY, raised guidance). While the dollar amount is modest relative to the $2.5B market cap (~0.08%), the cluster includes the CEO selling near a post-earnings high, which warrants caution.
Key Financial Metrics
Key Facts
- CEO Joseph DeVivo sold 68,346 shares at ~$10.01 for $684K on 2026-08-10
- Director Larry Robbins sold 156,200 shares at $8.10 for $1.27M on 2026-08-03
- Total insider sales of ~$1.95M represent ~0.08% of BFLY's $2.5B market cap
- Sales occurred 11-14 days after Q2 2026 beat-and-raise earnings (revenue $32.6M, +39% YoY, raised FY guidance)
- No insider buying in the cluster — all transactions are open-market sales
Financial Impact
Total insider sales of ~$1.95M, or ~0.08% of market cap — immaterial relative to company size
Risk Factors
- CEO selling near a post-earnings high could signal peak sentiment or personal diversification, not necessarily a bearish view
- Insider sales are generally weak predictors; this cluster is too small to be statistically meaningful
- The stock has rallied significantly post-earnings, increasing the risk of a pullback regardless of insider activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BFLY-1786608296110 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 12d ago | 3 | $7.25 $7.47 | ▲ +3.03% | ▲ +2.61% | $7.38 (+1.79%) |
Oct 6, 2026 21d ago | 144 | $8.70 $8.27 | ▼ −4.94% | ▼ −4.70% | $7.38 (−15.17%) |
Oct 5, 2026 22d ago | 8-K | $9.38 $8.70 | ▼ −7.25% | ▼ −7.80% | $7.38 (−21.32%) |
Sep 23, 2026 4w ago | 144 | $9.41 $9.39 | ▼ −0.21% | ▼ −0.76% | $7.38 (−21.57%) |
Sep 22, 2026 5w ago | 144 | $9.20 $9.41 | ▲ +2.28% | ▲ +2.36% | $7.38 (−19.78%) |
Sep 9, 2026 6w ago | Insider Cluster | $7.12 $7.33 | ▲ +2.95% | ▲ +2.10% | $7.38 (+3.65%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.38 (+18.00%) |
Aug 17, 2026 10w ago | Insider Cluster | $9.00 $9.17 | ▼ −1.89% | ▼ −1.68% | $7.38 (+18.00%) |
Aug 15, 2026 10w ago | Institutional Cluster | $9.02 $9.00 | ▼ −0.22% | ▲ +0.45% | $7.38 (−18.18%) |
Aug 12, 2026 10w ago | Insider Cluster | $8.86 $8.84 | ▼ −0.23% | ▼ −0.03% | $7.38 (−16.70%) |
US Market Status
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