Kenneth Patrick Lorton Sells 925 Shares of Schrodinger (NASDAQ:SDGR) Stock

Schrodinger, Inc. (NASDAQ:SDGR) EVP Kenneth Patrick Lorton sold 925 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Schrodinger Stock Performance

Shares of NASDAQ SDGR opened at $11.40 on Friday. The stock has a market cap of $839.84 million, a P/E ratio of -4.73 and a beta of 1.57. The firm has a 50 day moving average price of $16.58 and a 200 day moving average price of $18.39. Schrodinger, Inc. has a 52-week low of $11.15 and a 52-week high of $28.47.

Institutional Investors Weigh In On Schrodinger

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its stake in shares of Schrodinger by 21.6% during the 4th quarter. Kestra Advisory Services LLC now owns 50,427 shares of the company’s stock worth $902,000 after acquiring an additional 8,966 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Schrodinger by 109.9% in the fourth quarter. Marshall Wace LLP now owns 80,774 shares of the company’s stock worth $1,444,000 after purchasing an additional 42,288 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Schrodinger by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 515,903 shares of the company’s stock worth $9,224,000 after purchasing an additional 30,447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Schrodinger by 12.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,717,890 shares of the company’s stock valued at $66,476,000 after purchasing an additional 414,231 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Schrodinger by 15.8% in the 4th quarter. Wells Fargo & Company MN now owns 112,525 shares of the company’s stock valued at $2,012,000 after buying an additional 15,317 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America raised Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, December 15th. KeyCorp cut their price objective on Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. TD Cowen restated a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Five 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 stock. According to data from MarketBeat.com, Schrodinger presently has an average rating of “Hold” and a consensus 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.