Schrodinger (NASDAQ:SDGR) CFO Sells $10,761.00 in Stock

Schrodinger, Inc. (NASDAQ:SDGR) CFO Rachit Jain sold 844 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $12.75, for a total value of $10,761.00. Following the sale, the chief financial officer directly owned 51,752 shares in the company, valued at approximately $659,838. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rachit Jain also recently made the following trade(s):

• On Thursday, March 5th, Rachit Jain sold 1,631 shares of Schrodinger stock. The stock was sold at an average price of $12.90, for a total transaction of $21,039.90.

Schrodinger Stock Performance

SDGR stock opened at $12.34 on Monday. The firm has a market cap of $910.94 million, a price-to-earnings ratio of -8.69 and a beta of 1.62. The firm has a 50-day simple moving average of $11.98 and a two-hundred day simple moving average of $15.98. Schrodinger, Inc. has a one year low of $10.94 and a one year high of $27.63.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.57. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The business had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $83.66 million. During the same period last year, the business earned ($0.24) EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after buying an additional 1,207 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Schrodinger in the 4th quarter valued at $26,000. Hantz Financial Services Inc. increased its position in shares of Schrodinger by 5,025.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,589 shares of the company’s stock valued at $28,000 after acquiring an additional 1,558 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Schrodinger in the 4th quarter worth $36,000. Finally, Aster Capital Management DIFC Ltd raised its stake in Schrodinger by 212.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after acquiring an additional 1,321 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SDGR shares. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group dropped their target price on Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. KeyCorp reduced their target price on Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.50.

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.