Key Points
- CFO Joshua Blacher purchased 50,000 Bullfrog AI shares at an average price of $0.53, investing $26,500 and increasing his direct holdings to 65,000 shares.
- BFRG shares were trading at $0.60, up 21.7%, while the company reported a quarterly loss of $0.07 per share—better than the $0.11 consensus estimate—and revenue of $0.22 million.
- Analyst sentiment remains cautious, with the stock carrying an average “Reduce” rating; Citadel Advisors, however, disclosed a new position of 361,546 shares worth about $257,000.
Bullfrog AI Holdings Inc. (NASDAQ:BFRG - Get Free Report) CFO Joshua Blacher purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The stock was bought at an average cost of $0.53 per share, for a total transaction of $26,500.00. Following the purchase, the chief financial officer directly owned 65,000 shares in the company, valued at $34,450. This represents a 333.33% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Bullfrog AI Trading Up 21.7%
BFRG stock opened at $0.60 on Wednesday. Bullfrog AI Holdings Inc. has a one year low of $0.43 and a one year high of $2.04. The firm has a 50-day moving average of $0.56 and a two-hundred day moving average of $0.68. 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 - Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.04. The firm had revenue of $0.22 million during the quarter, compared to analysts' expectations of $0.21 million. On average, equities research analysts anticipate that Bullfrog AI Holdings Inc. will post -0.37 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on BFRG shares. 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. Wall Street Zen raised shares of Bullfrog AI from a "sell" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, Zacks Research raised Bullfrog AI to a "hold" rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Bullfrog AI has an average rating of "Reduce".
View Our Latest Analysis on BFRG
Institutional Investors Weigh In On Bullfrog AI
An institutional investor recently bought a new position in Bullfrog AI stock. Citadel Advisors LLC bought a new position in Bullfrog AI Holdings Inc. (NASDAQ:BFRG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 currently owned by hedge funds and other institutional investors.
Bullfrog AI Company Profile
(
Get Free Report)
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.
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