Insider Selling: Schrödinger, Inc. (NASDAQ:SDGR) CFO Sells 5,491 Shares of Stock

Schrödinger, Inc. (NASDAQ:SDGR - Get Free Report) CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the completion of the sale, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. This represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Schrödinger Trading Down 0.1 %

NASDAQ SDGR traded down $0.03 on Friday, reaching $21.02. 854,526 shares of the company were exchanged, compared to its average volume of 1,013,434. The business's fifty day moving average price is $22.46 and its 200 day moving average price is $20.64. The stock has a market capitalization of $1.53 billion, a P/E ratio of -8.98 and a beta of 1.62. Schrödinger, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $29.15.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.20). The company had revenue of $88.32 million for the quarter, compared to analyst estimates of $83.20 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. Equities research analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

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Hedge Funds Weigh In On Schrödinger

Several large investors have recently modified their holdings of the business. United Advisor Group LLC lifted its stake in shares of Schrödinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company's stock valued at $381,000 after purchasing an additional 634 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Schrödinger in the 4th quarter valued at $473,000. Two Sigma Investments LP acquired a new position in shares of Schrödinger in the 4th quarter valued at $1,939,000. Tema Etfs LLC acquired a new position in shares of Schrödinger in the 4th quarter valued at $671,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Schrödinger in the 4th quarter valued at $27,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SDGR. KeyCorp lifted their price target on Schrödinger from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. BMO Capital Markets lifted their price target on Schrödinger from $25.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Piper Sandler lowered their price target on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Schrödinger has an average rating of "Buy" and a consensus 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.