Schrodinger (NASDAQ:SDGR) EVP Sells $10,708.80 in Stock

Schrodinger, Inc. (NASDAQ:SDGR) EVP Yvonne Tran sold 776 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $13.80, for a total value of $10,708.80. Following the completion of the transaction, the executive vice president directly owned 22,859 shares in the company, valued at approximately $315,454.20. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Schrodinger Stock Performance

Shares of NASDAQ SDGR traded down $0.67 during trading hours on Thursday, hitting $11.31. The stock had a trading volume of 3,352,994 shares, compared to its average volume of 1,437,144. The firm’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $18.52. Schrodinger, Inc. has a 52 week low of $11.15 and a 52 week high of $28.47. The company has a market capitalization of $833.15 million, a P/E ratio of -4.69 and a beta of 1.57.

Analysts Set New Price Targets

SDGR has been the topic of several analyst reports. UBS Group started coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price target on the stock. KeyCorp lowered their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Wall Street Zen raised Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Schrodinger currently has a consensus rating of “Hold” and an average price target of $24.33.

Institutional Trading of Schrodinger

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Schrodinger by 722.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock valued at $25,000 after buying an additional 1,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Schrodinger in the fourth quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its position in shares of Schrodinger by 5,025.8% in the fourth 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. Bayforest Capital Ltd acquired a new stake in shares of Schrodinger in the second quarter worth $30,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Schrodinger during the fourth quarter worth $36,000. Institutional investors own 79.05% of the company’s stock.

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.