Butterfly Network Insider Sheds 399K Shares — This Stock May Be Ready to Take Flight

Butterfly Network's Chief Business Officer Steve Cashman sold 399,461 shares (19.68% of his direct holdings) for approximately $1.9 million in June 2026. The sale marks his largest single open-market transaction to date. While the stock has surged 291.8% over the past year, the analyst suggests the recent rally may have already priced in future growth, particularly from a new Midjourney licensing deal worth $10 million annually plus milestone payments. The core ultrasound business shows solid but unspectacular growth (19-25%), creating concentration risk around the single licensing relationship.