Schrodinger (NASDAQ:SDGR) CFO Sells $10,761.00 in Stock

Schrodinger, Inc. (NASDAQ:SDGR) CFO Rachit Jain sold 844 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $12.75, for a total transaction of $10,761.00. Following the sale, the chief financial officer owned 51,752 shares of the company’s stock, valued at approximately $659,838. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rachit Jain also recently made the following trade(s):

• On Thursday, March 5th, Rachit Jain sold 1,631 shares of Schrodinger stock. The stock was sold at an average price of $12.90, for a total value of $21,039.90.

Schrodinger Stock Up 2.3%

Shares of NASDAQ SDGR traded up $0.28 during midday trading on Friday, reaching $12.34. The company had a trading volume of 2,537,200 shares, compared to its average volume of 1,375,328. The stock has a market cap of $911.00 million, a PE ratio of -8.69 and a beta of 1.62. Schrodinger, Inc. has a one year low of $10.94 and a one year high of $27.63. The firm’s fifty day moving average price is $12.00 and its 200-day moving average price is $16.10.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.57. The company had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $83.66 million. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.Schrodinger’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.24) EPS. As a group, equities research analysts expect that Schrodinger, Inc. will post -2.37 EPS for the current year.

Analysts Set New Price Targets

SDGR has been the subject of a number of analyst reports. KeyCorp dropped their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. UBS Group dropped their price objective on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.50.

Hedge Funds Weigh In On Schrodinger

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Schrodinger by 722.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after purchasing an additional 1,207 shares during the period. Los Angeles Capital Management LLC bought a new position in Schrodinger in the 4th quarter worth $26,000. Hantz Financial Services Inc. lifted its position in shares of Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after purchasing an additional 1,558 shares during the period. State of Wyoming purchased a new stake in shares of Schrodinger in the 2nd quarter worth about $39,000. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after purchasing an additional 1,321 shares during the period. 79.05% of the stock is owned by institutional investors.

Schrodinger Company Profile

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.