Insider Selling: Schrödinger, Inc. (NASDAQ:SDGR) CFO Sells 5,491 Shares of Stock

Schrödinger, Inc. (NASDAQ:SDGR) CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger 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 sale, the chief financial officer now directly owns 27,544 shares in the company, valued at approximately $599,357.44. The trade was a 16.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Schrödinger Trading Up 3.6 %

SDGR stock opened at $21.84 on Thursday. The company has a market cap of $1.59 billion, a P/E ratio of -9.33 and a beta of 1.62. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $29.15. The company’s 50-day moving average price is $22.44 and its 200 day moving average price is $20.63.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). The company had revenue of $88.32 million for the quarter, compared to analysts’ expectations of $83.20 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. On average, equities research analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SDGR shares. Piper Sandler lowered their target price on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. KeyCorp lifted their target price on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, BMO Capital Markets boosted their price objective on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schrödinger has an average rating of “Buy” and a consensus price target of $32.29.

Hedge Funds Weigh In On Schrödinger

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new position in Schrödinger during the fourth quarter worth about $27,000. KBC Group NV raised its position in Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after acquiring an additional 783 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in Schrödinger during the fourth quarter worth about $50,000. GAMMA Investing LLC raised its position in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after acquiring an additional 1,305 shares during the last quarter. Finally, Quarry LP raised its position in Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after acquiring an additional 2,599 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Company Profile

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.