Joshua Blacher Acquires 50,000 Shares of Bullfrog AI (NASDAQ:BFRG) Stock

Bullfrog AI Holdings Inc. (NASDAQ:BFRG) CFO Joshua Blacher acquired 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was acquired at an average price of $0.53 per share, for a total transaction of $26,500.00. Following the completion of the acquisition, the chief financial officer directly owned 65,000 shares of the company’s stock, valued at $34,450. This trade represents a 333.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Bullfrog AI Stock Performance

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

Bullfrog AI (NASDAQ:BFRG) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.07) earnings per share 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 forecast that Bullfrog AI Holdings Inc. will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund 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 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 361,546 shares of the company’s stock, valued at approximately $257,000. Citadel Advisors LLC owned approximately 1.95% of Bullfrog AI at the end of the most recent reporting period. 0.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.