Schrödinger (NASDAQ:SDGR) Shares Down 2.4% After Insider Selling

Shares of Schrödinger, Inc. (NASDAQ:SDGR) traded down 2.4% on Tuesday after an insider sold shares in the company. The stock traded as low as $25.27 and last traded at $25.89. 220,644 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 804,539 shares. The stock had previously closed at $26.54.

Specifically, insider Karen Akinsanya sold 16,723 shares of the stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the completion of the sale, the insider now owns 15,625 shares in the company, valued at approximately $392,031.25. This trade represents a 51.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Ratings Changes

A number of brokerages have commented on SDGR. Piper Sandler reduced their price objective on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. KeyCorp raised their target price on Schrödinger from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Schrödinger has an average rating of “Buy” and a consensus target price of $33.00.

Schrödinger Trading Down 1.5 %

The stock has a market capitalization of $1.84 billion, a P/E ratio of -10.77 and a beta of 1.77. The firm’s fifty day moving average is $21.98 and its 200-day moving average is $20.87.

Schrödinger (NASDAQ:SDGR) last announced its earnings results on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.20). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $88.32 million during the quarter, compared to analyst estimates of $83.20 million. Equities research analysts expect that Schrödinger, Inc. will post -2.37 EPS for the current year.

Institutional Trading of Schrödinger

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in Schrödinger during the 4th quarter worth about $27,000. Paradigm Asset Management Co. LLC acquired a new position in shares of Schrödinger during the fourth quarter worth approximately $50,000. GAMMA Investing LLC grew its stake in shares of Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares during the last quarter. KBC Group NV increased its holdings in shares of Schrödinger by 73.9% in the fourth quarter. KBC Group NV now owns 4,361 shares of the company’s stock valued at $84,000 after purchasing an additional 1,853 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in Schrödinger in the 4th quarter worth approximately $199,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.