Schrodinger, Inc. $SDGR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 79.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,193 shares of the company’s stock after selling 51,958 shares during the period. SG Americas Securities LLC’s holdings in Schrodinger were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Schrodinger by 722.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Schrodinger in the fourth quarter worth $26,000. Hantz Financial Services Inc. raised its position in Schrodinger by 5,025.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock worth $28,000 after acquiring an additional 1,558 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Schrodinger in the fourth quarter worth $36,000. Finally, State of Wyoming acquired a new stake in Schrodinger in the second quarter valued at $39,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SDGR shares. UBS Group decreased their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Morgan Stanley cut their price target on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. KeyCorp reduced their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Four 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.25.

Insider Buying and Selling at Schrodinger

In other news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total value of $530,190.00. Following the completion of the transaction, the chief executive officer owned 330,824 shares in the company, valued at $4,079,059.92. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is currently owned by corporate insiders.

Schrodinger Price Performance

SDGR opened at $16.49 on Monday. Schrodinger, Inc. has a 1-year low of $10.94 and a 1-year high of $23.75. The stock has a market cap of $1.22 billion, a P/E ratio of -11.70 and a beta of 1.62. The stock’s 50 day simple moving average is $14.57 and its 200 day simple moving average is $14.05.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.25). The firm had revenue of $58.59 million for the quarter, compared to analyst estimates of $47.57 million. Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) earnings per share. Research analysts expect that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

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.