Insider Selling: Schrodinger (NASDAQ:SDGR) EVP Sells 32,000 Shares of Stock

Schrodinger, Inc. (NASDAQ:SDGR) EVP Yvonne Tran sold 32,000 shares of Schrodinger stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $32.85, for a total value of $1,051,200.00. Following the completion of the transaction, the executive vice president owned 52,683 shares of the company’s stock, valued at approximately $1,730,636.55. The trade was a 37.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Schrodinger Trading Down 2.9%

NASDAQ SDGR traded down $0.98 during trading hours on Tuesday, reaching $32.41. The company’s stock had a trading volume of 1,714,603 shares, compared to its average volume of 1,554,629. The business has a 50-day simple moving average of $26.07 and a 200 day simple moving average of $17.16. Schrodinger, Inc. has a 52 week low of $10.94 and a 52 week high of $33.78. The stock has a market cap of $2.39 billion, a PE ratio of -41.02 and a beta of 1.69.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.50) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.17. The business had revenue of $64.49 million for the quarter, compared to analysts’ expectations of $47.73 million. Schrodinger had a negative net margin of 22.02% and a negative return on equity of 17.66%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.45) EPS. As a group, equities analysts predict that Schrodinger, Inc. will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDGR. BlackRock Inc. acquired a new position in shares of Schrodinger in the second quarter worth about $170,978,000. Rubric Capital Management LP raised its holdings in shares of Schrodinger by 43.8% during the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company’s stock valued at $68,160,000 after acquiring an additional 1,828,502 shares during the period. Amova Asset Management Americas Inc. raised its holdings in shares of Schrodinger by 13.2% during the first quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company’s stock valued at $36,248,000 after acquiring an additional 371,167 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Schrodinger by 79.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 350,738 shares of the company’s stock valued at $10,890,000 after acquiring an additional 154,824 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Schrodinger in the 3rd quarter worth approximately $5,271,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SDGR shares. KeyCorp upped their target price on Schrodinger from $20.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, October 16th. Zacks Research cut shares of Schrodinger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. UBS Group upped their price target on Schrodinger from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. Weiss Ratings upgraded Schrodinger from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen raised Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.67.

Schrodinger Company Profile

Schrödinger, Inc. develops computational software used to support drug discovery and materials research. Its platform applies physics-based modeling, computational chemistry and machine learning to help researchers analyze molecular properties and identify promising candidates. The company’s tools are used by pharmaceutical and biotechnology companies, academic institutions and other research organizations. Alongside software sales and subscriptions, Schrödinger works with partners on drug discovery programs and advances a portfolio of its own therapeutic candidates.