🔴 Butterfly Network is trading 4.6% down today on valuation concerns and extended profit-taking

Butterfly Network is trading at $7.61 (4.6% down) in pre-market, extending last week’s profit-taking following a sharp AI-ultrasound rally.

• The pullback is driven by valuation concerns as the current price sits above analyst fair value estimates of $5–$6.
• Significant insider selling and high share-price volatility are prompting investors to lock in gains, despite strong fundamental momentum and recent AI partnership news.