Bullfrog AI (NASDAQ:BFRG) CFO Buys 50,000 Shares

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) CFO Joshua Blacher acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were purchased at an average price of $0.53 per share, with a total value of $26,500.00. Following the completion of the acquisition, the chief financial officer owned 65,000 shares of the company’s stock, valued at $34,450. This represents a 333.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bullfrog AI Stock Up 21.7%

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

Bullfrog AI (NASDAQ:BFRG) last released 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 company had revenue of $0.22 million during the quarter, compared to analyst estimates of $0.21 million. Research analysts anticipate that Bullfrog AI Holdings Inc. will post -0.37 EPS for the current year.

Analysts Set New Price Targets

BFRG has been the subject of several research reports. Zacks Research raised Bullfrog AI to a “hold” rating in a report on Friday, June 26th. Wall Street Zen upgraded Bullfrog AI from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Weiss Ratings downgraded shares of Bullfrog AI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bullfrog AI currently has a consensus rating of “Reduce”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bullfrog AI stock. Citadel Advisors LLC purchased a new stake in Bullfrog AI Holdings Inc. (NASDAQ:BFRG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 361,546 shares of the company’s stock, valued at approximately $257,000. Citadel Advisors LLC owned 1.95% of Bullfrog AI as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.96% of the company’s stock.

About Bullfrog AI

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.