Butterfly Network Director Phanstiel Buys $1.0 Million in Stock. Is This a Sign Investors Should Also Buy?

Butterfly Network director Louise S. Phanstiel purchased 115,200 shares worth $1.0 million at $8.68 per share, increasing her total beneficial ownership to 691,413 shares (0.26% of the company). The insider purchase is viewed as a bullish signal, particularly given Phanstiel's healthcare expertise. Analysts project 19% revenue growth for the current fiscal year and expect the company to double its 2026 revenue by 2028 while narrowing net losses.