Schrodinger (NASDAQ:SDGR) CAO Sells $10,370.08 in Stock

Schrodinger, Inc. (NASDAQ:SDGR) CAO Jenny Herman sold 752 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $13.79, for a total value of $10,370.08. Following the sale, 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 legal filing with the SEC, which is available through the SEC website.

Schrodinger Stock Performance

Shares of NASDAQ:SDGR opened at $11.40 on Friday. The stock’s 50-day simple moving average is $16.58 and its two-hundred day simple moving average is $18.37. The stock has a market capitalization of $839.78 million, a price-to-earnings ratio of -4.73 and a beta of 1.57. Schrodinger, Inc. has a 52-week low of $11.15 and a 52-week high of $28.47.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group assumed coverage on shares of Schrodinger in a report on Wednesday, January 7th. They set a “neutral” rating and a $18.00 target price for the company. TD Cowen restated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Finally, KeyCorp decreased their price objective on Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Five equities 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.33.

Institutional Investors Weigh In On Schrodinger

A number of institutional investors have recently bought and sold shares of SDGR. EverSource Wealth Advisors LLC raised 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 valued at $25,000 after acquiring an additional 1,207 shares during the period. Los Angeles Capital Management LLC bought a new stake in Schrodinger during the 4th quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in shares of Schrodinger by 5,025.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after buying an additional 1,558 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Schrodinger in the 2nd quarter worth $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Schrodinger in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

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.