Schrödinger, Inc. (NASDAQ:SDGR) CFO Sells $119,484.16 in Stock

Schrödinger, Inc. (NASDAQ:SDGR) CFO Geoffrey Craig Porges sold 5,491 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the transaction, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Schrödinger Stock Performance

SDGR traded down $0.16 during midday trading on Tuesday, reaching $21.08. The company had a trading volume of 1,156,357 shares, compared to its average volume of 1,027,099. Schrödinger, Inc. has a 12-month low of $16.67 and a 12-month high of $29.15. The business has a 50-day moving average price of $22.37 and a two-hundred day moving average price of $20.62. The stock has a market cap of $1.54 billion, a PE ratio of -9.01 and a beta of 1.61.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Schrödinger in the 4th quarter valued at about $27,000. KBC Group NV increased its stake in shares of Schrödinger by 45.4% in the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new stake in shares of Schrödinger in the fourth quarter valued at approximately $50,000. Quarry LP lifted its stake in shares of Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after buying an additional 2,599 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after buying an additional 1,305 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SDGR. KeyCorp raised their price target on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets increased their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler cut their target price 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 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $32.29.

About Schrödinger

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.