Schrodinger (NASDAQ:SDGR) Insider Robert Lorne Abel Sells 1,230 Shares

Schrodinger, Inc. (NASDAQ:SDGR) insider Robert Lorne Abel sold 1,230 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $13.51, for a total transaction of $16,617.30. Following the completion of the sale, the insider directly owned 19,385 shares in the company, valued at approximately $261,891.35. This represents a 5.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Schrodinger Trading Down 12.1%

Shares of SDGR stock opened at $11.98 on Thursday. The firm’s fifty day moving average price is $16.85 and its two-hundred day moving average price is $18.52. Schrodinger, Inc. has a 1 year low of $11.79 and a 1 year high of $28.47. The firm has a market capitalization of $882.51 million, a P/E ratio of -4.97 and a beta of 1.57.

Institutional Investors Weigh In On Schrodinger

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Schrodinger by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock valued at $115,584,000 after acquiring an additional 125,349 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Schrodinger by 5.4% in the 3rd quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock valued at $105,692,000 after purchasing an additional 268,817 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Schrodinger by 3.5% during the 4th 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 in the last quarter. Amova Asset Management Americas Inc. increased its holdings in shares of Schrodinger by 6.8% during 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. Finally, Nikko Asset Management Americas Inc. increased its holdings in shares of Schrodinger by 7.2% during the second quarter. Nikko Asset Management Americas Inc. now owns 2,591,492 shares of the company’s stock worth $52,089,000 after purchasing an additional 174,684 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SDGR shares. UBS Group started coverage on Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price objective on the stock. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a research report on Thursday, January 8th. KeyCorp decreased their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.