Jenny Herman Sells 752 Shares of Schrodinger (NASDAQ:SDGR) Stock

Schrodinger, Inc. (NASDAQ:SDGR) CAO Jenny Herman sold 752 shares of Schrodinger stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $13.79, for a total value of $10,370.08. Following the completion of the transaction, the chief accounting officer owned 26,597 shares of the company’s stock, valued at approximately $366,772.63. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Schrodinger Stock Down 5.6%

SDGR traded down $0.67 during trading on Thursday, reaching $11.31. 3,352,994 shares of the company were exchanged, compared to its average volume of 1,437,144. Schrodinger, Inc. has a 12-month low of $11.15 and a 12-month high of $28.47. The company’s 50-day moving average is $16.85 and its two-hundred day moving average is $18.52. The company has a market cap of $833.15 million, a price-to-earnings ratio of -4.69 and a beta of 1.57.

Analyst Ratings Changes

Several equities analysts recently commented on SDGR shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. TD Cowen reissued a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, December 15th. Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, KeyCorp dropped their price objective on Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Five 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $24.33.

Institutional Trading of Schrodinger

A number of hedge funds have recently made changes to their positions in SDGR. EverSource Wealth Advisors LLC increased its stake in 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 acquiring an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Schrodinger during the fourth quarter worth about $26,000. Hantz Financial Services Inc. boosted its holdings 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 worth $28,000 after purchasing an additional 1,558 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Schrodinger during the 2nd quarter valued at about $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Schrodinger in the 4th quarter worth approximately $36,000. 79.05% of the stock is owned by institutional investors.

Schrodinger Company Profile

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.