Bullfrog AI (NASDAQ:BFRG) CEO Vininder Singh Buys 75,000 Shares

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) CEO Vininder Singh purchased 75,000 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was bought at an average cost of $0.60 per share, for a total transaction of $45,000.00. Following the purchase, the chief executive officer owned 2,442,446 shares of the company’s stock, valued at approximately $1,465,467.60. This represents a 3.17% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bullfrog AI Stock Performance

NASDAQ BFRG traded up $0.11 on Tuesday, reaching $0.60. The company had a trading volume of 46,861,396 shares, compared to its average volume of 4,452,820. The firm has a market capitalization of $11.12 million, a price-to-earnings ratio of -1.30 and a beta of -2.71. The company’s fifty day moving average is $0.56 and its 200-day moving average is $0.68. Bullfrog AI Holdings Inc. has a 1-year low of $0.43 and a 1-year high of $2.04.

Bullfrog AI (NASDAQ:BFRG) last announced its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. The firm had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.21 million. On average, research analysts forecast that Bullfrog AI Holdings Inc. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Bullfrog AI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 16th. Zacks Research upgraded Bullfrog AI to a “hold” rating in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded shares of Bullfrog AI from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Bullfrog AI currently has an average rating of “Reduce”.

Institutional Trading of Bullfrog AI

An institutional investor recently bought a new stake in Bullfrog AI stock. Citadel Advisors LLC purchased a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 361,546 shares of the company’s stock, valued at approximately $257,000. Citadel Advisors LLC owned 1.95% of Bullfrog AI at the end of the most recent quarter. 0.96% of the stock is owned by hedge funds and other institutional investors.

Bullfrog AI Company Profile

BullFrog AI Holdings, Inc is a biotechnology and technology company that applies artificial intelligence and machine learning to drug development and precision medicine. The company focuses on helping pharmaceutical, biotechnology and healthcare organizations analyze complex biomedical data and identify insights that may support research and clinical decision-making.

Its primary platform, bfLEAP, is designed to process and analyze large, multidimensional datasets, including clinical, genomic and other healthcare-related information.