Insider Buying: Bullfrog AI (NASDAQ:BFRG) CEO Purchases 75,000 Shares

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) CEO Vininder Singh bought 75,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired 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 $1,465,467.60. This trade represents a 3.17% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bullfrog AI Trading Up 21.7%

NASDAQ:BFRG traded up $0.11 during mid-day trading on Tuesday, hitting $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 company has a market capitalization of $11.12 million, a price-to-earnings ratio of -1.30 and a beta of -2.71. Bullfrog AI Holdings Inc. has a fifty-two week low of $0.43 and a fifty-two week high of $2.04. The stock has a fifty day moving average of $0.56 and a 200-day moving average of $0.68.

Bullfrog AI (NASDAQ:BFRG) last issued its earnings results on Friday, August 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping 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. On average, equities analysts anticipate that Bullfrog AI Holdings Inc. will post -0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Bullfrog AI

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

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.