Alliancebernstein L.P. Sells 5,900 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Alliancebernstein L.P. decreased its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 13.2% in the first quarter, Holdings Channel reports. The firm owned 38,664 shares of the company’s stock after selling 5,900 shares during the quarter. Alliancebernstein L.P.’s holdings in Schrödinger were worth $2,950,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of Schrödinger in the fourth quarter valued at approximately $36,000. Arkadios Wealth Advisors raised its stake in shares of Schrödinger by 82.3% in the first quarter. Arkadios Wealth Advisors now owns 483 shares of the company’s stock valued at $36,000 after acquiring an additional 218 shares during the last quarter. TCI Wealth Advisors Inc. bought a new position in shares of Schrödinger in the first quarter valued at approximately $39,000. Valeo Financial Advisors LLC raised its stake in shares of Schrödinger by 22.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 601 shares of the company’s stock valued at $48,000 after acquiring an additional 110 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Schrödinger in the fourth quarter valued at approximately $59,000. Institutional investors own 50.09% of the company’s stock.

SDGR opened at $76.41 on Friday. The stock’s fifty day simple moving average is $71.34. Schrödinger, Inc. has a 52 week low of $46.27 and a 52 week high of $117.00. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -424.48 and a beta of 0.96.

In other Schrödinger news, Director Jorg Weiser sold 61,682 shares of Schrödinger stock in a transaction on Tuesday, March 16th. The shares were sold at an average price of $82.00, for a total transaction of $5,057,924.00. Following the completion of the sale, the director now owns 181,511 shares of the company’s stock, valued at approximately $14,883,902. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen Akinsanya sold 10,242 shares of Schrödinger stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $75.54, for a total transaction of $773,680.68. Following the sale, the insider now directly owns 6,479 shares of the company’s stock, valued at approximately $489,423.66. The disclosure for this sale can be found here. Insiders have sold a total of 986,831 shares of company stock valued at $73,143,546 in the last ninety days.

A number of research analysts have recently issued reports on the stock. Craig Hallum assumed coverage on shares of Schrödinger in a research note on Tuesday, May 25th. They issued a “buy” rating and a $85.00 target price for the company. Zacks Investment Research upgraded shares of Schrödinger from a “sell” rating to a “hold” rating in a research note on Thursday, May 13th. BMO Capital Markets lowered their price target on shares of Schrödinger from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Wednesday, March 24th. Finally, Morgan Stanley lowered their price target on shares of Schrödinger from $89.00 to $83.00 and set an “equal weight” rating for the company in a report on Wednesday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Schrödinger has a consensus rating of “Buy” and an average target price of $85.67.

Schrödinger Company Profile

Schrödinger, Inc provides physics-based software platform that enables discovery of novel molecules for drug development and materials applications. The company operates through two segments, Software and Drug Discovery. The Software segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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