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

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

Schrödinger Price Performance

Shares of SDGR traded down $0.16 during trading hours on Tuesday, hitting $21.08. The stock had a trading volume of 1,156,357 shares, compared to its average volume of 1,027,099. Schrödinger, Inc. has a 1-year low of $16.67 and a 1-year high of $29.15. The firm has a market capitalization of $1.54 billion, a P/E ratio of -9.01 and a beta of 1.61. The firm has a 50 day simple moving average of $22.37 and a 200-day simple moving average of $20.62.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data 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 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 analyst estimates of $83.20 million. Equities analysts predict that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SDGR has been the subject of several research analyst reports. Piper Sandler lowered their price objective on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. KeyCorp raised their target price on Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets boosted their price target on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $32.29.

Institutional Trading of Schrödinger

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new position in shares of Schrödinger in the fourth quarter valued at $27,000. KBC Group NV raised its holdings in shares of Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after acquiring an additional 783 shares during the last quarter. Paradigm Asset Management Co. LLC bought a new position in Schrödinger in the 4th quarter valued at about $50,000. GAMMA Investing LLC boosted its stake 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 purchasing an additional 1,305 shares during the last quarter. Finally, Quarry LP increased its holdings in Schrödinger by 1,150.0% during the 3rd quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

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.