Schrödinger Target of Unusually Large Options Trading (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) saw some unusual options trading activity on Friday. Traders bought 11,950 call options on the company. This represents an increase of 1,122% compared to the typical volume of 978 call options.

Analyst Upgrades and Downgrades

SDGR has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Piper Sandler decreased their price objective on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. One research 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. According to data from MarketBeat.com, Schrödinger presently has an average rating of “Buy” and an average target price of $32.29.

Insider Activity at Schrödinger

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the transaction, the chief financial officer now directly owns 27,544 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SDGR. Point72 Hong Kong Ltd bought a new stake in Schrödinger in the fourth quarter worth $27,000. Paradigm Asset Management Co. LLC bought a new stake in shares of Schrödinger in the 4th quarter worth $50,000. GAMMA Investing LLC raised its stake in shares of Schrödinger by 87.5% in the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after purchasing an additional 1,305 shares during the last quarter. KBC Group NV raised its stake in shares of Schrödinger by 73.9% in the fourth quarter. KBC Group NV now owns 4,361 shares of the company’s stock worth $84,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Schrödinger during the fourth quarter valued at $199,000. Institutional investors own 79.05% of the company’s stock.

Schrödinger Stock Up 13.8 %

Shares of SDGR stock traded up $2.66 during mid-day trading on Friday, reaching $21.88. 1,411,058 shares of the company’s stock traded hands, compared to its average volume of 1,012,868. The company’s 50-day moving average price is $21.99 and its 200-day moving average price is $20.70. The company has a market cap of $1.60 billion, a P/E ratio of -9.35 and a beta of 1.77. Schrödinger has a 12 month low of $16.60 and a 12 month high of $28.47.

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 return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $88.32 million for the quarter, compared to the consensus estimate of $83.20 million. Equities analysts predict that Schrödinger will post -2.37 earnings per share for the current year.

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.