Schrodinger (NASDAQ:SDGR) EVP Sells $12,700.25 in Stock

Schrodinger, Inc. (NASDAQ:SDGR) EVP Kenneth Patrick Lorton sold 925 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $13.73, for a total value of $12,700.25. Following the completion of the sale, the executive vice president owned 52,651 shares of the company’s stock, valued at approximately $722,898.23. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Schrodinger Stock Up 0.8%

Shares of SDGR stock opened at $11.40 on Friday. Schrodinger, Inc. has a 12 month low of $11.15 and a 12 month high of $28.47. The company has a market cap of $839.78 million, a PE ratio of -4.73 and a beta of 1.57. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $18.37.

Institutional Trading of Schrodinger

Several institutional investors have recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of Schrodinger by 3.9% in the third quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock valued at $329,000 after purchasing an additional 623 shares in the last quarter. Verity Asset Management Inc. increased its holdings in Schrodinger by 1.2% in the 4th quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock valued at $1,175,000 after buying an additional 798 shares during the period. Bank of Montreal Can raised its stake in shares of Schrodinger by 5.8% in the 2nd quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock valued at $321,000 after buying an additional 879 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Schrodinger by 6.3% in the 4th quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock valued at $272,000 after buying an additional 900 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Schrodinger by 9.5% during the 3rd quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock worth $219,000 after acquiring an additional 944 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

SDGR has been the topic of several research analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. KeyCorp decreased their target price on Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. UBS Group initiated coverage on Schrodinger in a research report on Wednesday, January 7th. They issued a “neutral” rating and a $18.00 price target on the stock. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, December 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. Five equities 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.33.

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.