Schrödinger, Inc. (NASDAQ:SDGR) Insider Sells $419,580.07 in Stock

Schrödinger, Inc. (NASDAQ:SDGR) insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the sale, the insider now owns 15,625 shares in the company, valued at $392,031.25. The trade was a 51.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Schrödinger Trading Down 3.6 %

Shares of SDGR traded down $0.95 during mid-day trading on Tuesday, reaching $25.59. 2,903,341 shares of the stock traded hands, compared to its average volume of 814,647. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -10.94 and a beta of 1.77. Schrödinger, Inc. has a 1 year low of $16.60 and a 1 year high of $28.47. The firm has a fifty day moving average price of $21.99 and a 200 day moving average price of $20.81.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The company had revenue of $88.32 million during the quarter, compared to analysts’ expectations of $83.20 million. On average, sell-side analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current year.

Institutional Trading of Schrödinger

Several hedge funds and other institutional investors have recently bought and sold shares of the company. United Advisor Group LLC increased its stake in Schrödinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company’s stock worth $381,000 after purchasing an additional 634 shares during the period. Redwood Wealth Management Group LLC increased its stake in shares of Schrödinger by 8.4% in the fourth quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company’s stock worth $283,000 after buying an additional 1,132 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Schrödinger by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company’s stock valued at $610,000 after buying an additional 1,202 shares during the last quarter. GAMMA Investing LLC boosted its position in Schrödinger by 87.5% during the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after buying an additional 1,305 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Schrödinger in the 4th quarter worth $27,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

SDGR has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. KeyCorp lifted their price target on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.29.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.