Schrodinger (NASDAQ:SDGR) Announces Quarterly Earnings Results

Schrodinger (NASDAQ:SDGR) announced its quarterly earnings data on Tuesday. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.25), FiscalAI reports. The business had revenue of $58.59 million during the quarter, compared to the consensus estimate of $47.57 million. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%.

Schrodinger Price Performance

Shares of SDGR stock traded down $0.03 during mid-day trading on Tuesday, hitting $12.87. The stock had a trading volume of 1,496,343 shares, compared to its average volume of 1,379,425. Schrodinger has a 12-month low of $10.94 and a 12-month high of $27.63. The firm has a market capitalization of $950.13 million, a P/E ratio of -9.06 and a beta of 1.57. The firm’s 50-day moving average is $11.99 and its two-hundred day moving average is $15.46.

Analyst Ratings Changes

SDGR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research 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. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. UBS Group cut their price objective on Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Finally, KeyCorp cut their price objective on Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.50.

Insider Buying and Selling at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 59,184 shares of company stock valued at $741,556. 21.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Schrodinger

Several hedge funds have recently made changes to their positions in SDGR. Los Angeles Capital Management LLC purchased a new stake in shares of Schrodinger in the 4th quarter worth $26,000. State of Wyoming bought a new stake in Schrodinger during the second quarter valued at about $39,000. Quarry LP boosted its position in Schrodinger by 73.6% during the third quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after purchasing an additional 1,018 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Schrodinger during the second quarter valued at about $143,000. Finally, Entropy Technologies LP boosted its position in Schrodinger by 11.5% during the fourth quarter. Entropy Technologies LP now owns 12,946 shares of the company’s stock valued at $231,000 after purchasing an additional 1,336 shares in the last quarter. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

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.