Insider Selling: Schrodinger (NASDAQ:SDGR) Insider Sells 1,395 Shares of Stock

Key Points

• Insider Margaret Dugan sold 1,395 shares of Schrodinger at an average price of $21.07, reducing her overall position by 5.37%.
• Schrodinger's stock price decreased 4.9%, and currently sits at $19.31, with a market capitalization of $1.42 billion.
• Recent analyst reports have mixed ratings for Schrodinger, with a consensus rating of "Hold" and an average price target of $26.29.

Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) insider Margaret Dugan sold 1,395 shares of the business's stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $21.07, for a total value of $29,392.65. Following the transaction, the insider directly owned 24,574 shares of the company's stock, valued at approximately $517,774.18. The trade was a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Schrodinger Trading Down 4.9%

NASDAQ:SDGR traded down $1.00 on Friday, hitting $19.31. The company had a trading volume of 1,220,417 shares, compared to its average volume of 1,148,420. Schrodinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -7.79 and a beta of 1.74. The firm has a 50 day moving average of $19.60 and a two-hundred day moving average of $21.33.

Schrodinger (NASDAQ:SDGR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.83) by $0.24. Schrodinger had a negative return on equity of 45.70% and a negative net margin of 76.22%.The business had revenue of $54.76 million during the quarter, compared to analysts' expectations of $52.03 million. During the same quarter in the prior year, the firm earned ($0.66) EPS. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities analysts forecast that Schrodinger, Inc. will post -2.37 EPS for the current year.

Wall Street Analyst Weigh In

SDGR has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Schrodinger from $28.00 to $19.00 and set an "equal weight" rating for the company in a research report on Monday, August 18th. Weiss Ratings restated a "sell (e+)" rating on shares of Schrodinger in a report on Tuesday. The Goldman Sachs Group initiated coverage on Schrodinger in a report on Monday, September 29th. They issued a "neutral" rating and a $19.00 target price on the stock. Barclays started coverage on shares of Schrodinger in a research report on Thursday, August 14th. They issued an "overweight" rating and a $25.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Schrodinger from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Schrodinger currently has a consensus rating of "Hold" and an average price target of $26.29.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Schrodinger by 118.5% during the first quarter. GAMMA Investing LLC now owns 6,109 shares of the company's stock valued at $121,000 after acquiring an additional 3,313 shares in the last quarter. Palumbo Wealth Management LLC acquired a new position in Schrodinger during the 1st quarter valued at about $345,000. Allspring Global Investments Holdings LLC increased its holdings in Schrodinger by 30.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 174,371 shares of the company's stock worth $3,442,000 after purchasing an additional 40,568 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Schrodinger by 2.3% in the first quarter. Principal Financial Group Inc. now owns 276,715 shares of the company's stock worth $5,462,000 after purchasing an additional 6,266 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Schrodinger by 13.4% in the first quarter. Envestnet Asset Management Inc. now owns 210,634 shares of the company's stock valued at $4,158,000 after purchasing an additional 24,880 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

About Schrodinger

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.

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