Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) insider Robert Lorne Abel sold 1,230 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $13.51, for a total value of $16,617.30. Following the sale, the insider owned 19,385 shares of the company's stock, valued at approximately $261,891.35. The trade was a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Schrodinger Stock Down 12.1%
SDGR stock opened at $11.98 on Thursday. The company has a market cap of $882.51 million, a PE ratio of -4.97 and a beta of 1.57. The business has a 50-day simple moving average of $16.85 and a 200 day simple moving average of $18.52. Schrodinger, Inc. has a 52 week low of $11.79 and a 52 week high of $28.47.
Institutional Trading of Schrodinger
A number of institutional investors and hedge funds have recently bought and sold shares of SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Schrodinger by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company's stock worth $653,000 after purchasing an additional 1,412 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Schrodinger by 17.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 205,319 shares of the company's stock worth $4,131,000 after buying an additional 30,948 shares during the period. Bayforest Capital Ltd bought a new position in Schrodinger during the second quarter worth $30,000. Stephens Inc. AR acquired a new position in Schrodinger in the second quarter valued at $200,000. Finally, Stephens Investment Management Group LLC boosted its position in Schrodinger by 14.8% during the second quarter. Stephens Investment Management Group LLC now owns 2,261,334 shares of the company's stock valued at $45,498,000 after acquiring an additional 291,393 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SDGR. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Schrodinger in a report on Friday, January 9th. UBS Group assumed coverage on shares of Schrodinger in a research report on Wednesday, January 7th. They set a "neutral" rating and a $18.00 price objective for the company. Wall Street Zen raised Schrodinger from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. TD Cowen reiterated a "buy" rating on shares of Schrodinger in a research note on Thursday, January 8th. Finally, KeyCorp dropped their price objective on Schrodinger from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Thursday, January 8th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Schrodinger presently has an average rating of "Hold" and a consensus target price of $24.33.
View Our Latest Stock Analysis on Schrodinger
Schrodinger Company Profile
(
Get Free Report)
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.
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