Schrodinger (NASDAQ:SDGR) CEO Ramy Farid Sells 43,000 Shares

Schrodinger, Inc. (NASDAQ:SDGR) CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares in the company, valued at approximately $4,079,059.92. This represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ramy Farid also recently made the following trade(s):

• On Thursday, March 5th, Ramy Farid sold 3,661 shares of Schrodinger stock. The stock was sold at an average price of $12.91, for a total transaction of $47,263.51.

Schrodinger Stock Up 2.3%

Shares of Schrodinger stock opened at $12.34 on Friday. Schrodinger, Inc. has a twelve month low of $10.94 and a twelve month high of $27.63. The stock has a market cap of $910.94 million, a price-to-earnings ratio of -8.69 and a beta of 1.62. The company’s fifty day moving average is $11.98 and its 200 day moving average is $16.05.

Schrodinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $83.66 million. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. Schrodinger’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SDGR has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. TD Cowen reissued a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, KeyCorp lowered their target price 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. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Schrodinger presently has an average rating of “Hold” and a consensus target price of $20.50.

Institutional Investors Weigh In On Schrodinger

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Schrodinger by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock worth $115,584,000 after purchasing an additional 125,349 shares during the period. Rubric Capital Management LP grew its holdings in Schrodinger by 5.4% in the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock worth $105,692,000 after purchasing an additional 268,817 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in Schrodinger by 3.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock worth $84,300,000 after purchasing an additional 160,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Schrodinger by 12.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,717,890 shares of the company’s stock worth $66,476,000 after purchasing an additional 414,231 shares during the period. Finally, Amova Asset Management Americas Inc. grew its holdings in Schrodinger by 6.8% in the fourth quarter. Amova Asset Management Americas Inc. now owns 2,819,670 shares of the company’s stock worth $50,359,000 after purchasing an additional 180,735 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

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.