Schrödinger, Inc. (NASDAQ:SDGR) Insider Sells $419,580.07 in Stock

Schrödinger, Inc. (NASDAQ:SDGR) insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now owns 15,625 shares in the company, valued at $392,031.25. This trade represents a 51.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Schrödinger Stock Down 3.6 %

Shares of NASDAQ SDGR traded down $0.95 during trading on Tuesday, reaching $25.59. 2,903,341 shares of the company traded hands, compared to its average volume of 814,647. The firm has a 50 day simple moving average of $21.99 and a 200-day simple moving average of $20.81. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47. The stock has a market capitalization of $1.87 billion, a PE ratio of -10.94 and a beta of 1.77.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share (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 company had revenue of $88.32 million during the quarter, compared to analysts’ expectations of $83.20 million. As a group, research analysts predict that Schrödinger, Inc. will post -2.37 EPS for the current year.

Institutional Trading of Schrödinger

Several large investors have recently added to or reduced their stakes in SDGR. Point72 Hong Kong Ltd purchased a new position in shares of Schrödinger during the 4th quarter worth $27,000. Paradigm Asset Management Co. LLC bought a new position in Schrödinger in the 4th quarter worth $50,000. GAMMA Investing LLC lifted its position in Schrödinger by 87.5% during the fourth 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 in the last quarter. KBC Group NV increased its position in 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 buying an additional 1,853 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Schrödinger in the fourth quarter worth about $199,000. 79.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Piper Sandler reduced their price objective on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.