Jenny Herman Sells 752 Shares of Schrodinger (NASDAQ:SDGR) Stock

Schrodinger, Inc. (NASDAQ:SDGR) CAO Jenny Herman sold 752 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $13.79, for a total value of $10,370.08. Following the transaction, the chief accounting officer owned 26,597 shares of the company’s stock, valued at approximately $366,772.63. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Schrodinger Price Performance

Shares of Schrodinger stock opened at $11.40 on Friday. The firm has a market cap of $839.84 million, a price-to-earnings ratio of -4.73 and a beta of 1.57. The stock’s 50-day moving average is $16.58 and its 200-day moving average is $18.39. Schrodinger, Inc. has a one year low of $11.15 and a one year high of $28.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after purchasing an additional 1,207 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Schrodinger in the fourth quarter valued at approximately $26,000. Bayforest Capital Ltd bought a new position in shares of Schrodinger during the 2nd quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its stake in shares of Schrodinger by 5,025.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after acquiring an additional 1,558 shares during the period. Finally, State of Wyoming acquired a new position in shares of Schrodinger during the 2nd quarter worth approximately $39,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on SDGR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. KeyCorp reduced their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Bank of America raised shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, December 15th. UBS Group began coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price target on the stock. Finally, Wall Street Zen upgraded shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.33.

About Schrodinger

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.