Key Points
- CEO Ramy Farid sold 43,000 shares of Schrodinger on April 16 at an average price of $12.33 for $530,190, executed under a pre-arranged Rule 10b5-1 plan, leaving him with 330,824 shares (an 11.5% ownership decline).
- Schrodinger recently beat expectations with Q4 EPS of $0.44 (vs. -$0.13 est.) and revenue of $87.24M, but remains unprofitable (negative net margin and ROE) and carries an average analyst rating of "Hold" with a $20.50 price target.
Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) CFO Rachit Jain sold 844 shares of the company's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.75, for a total value of $10,761.00. Following the transaction, the chief financial officer directly owned 51,752 shares in the company, valued at approximately $659,838. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Rachit Jain also recently made the following trade(s):
- On Thursday, March 5th, Rachit Jain sold 1,631 shares of Schrodinger stock. The stock was sold at an average price of $12.90, for a total value of $21,039.90.
Schrodinger Stock Performance
NASDAQ:SDGR opened at $12.34 on Friday. The stock's fifty day moving average price is $11.98 and its two-hundred day moving average price is $16.05. Schrodinger, Inc. has a 52-week low of $10.94 and a 52-week high of $27.63. The company has a market cap of $910.94 million, a price-to-earnings ratio of -8.69 and a beta of 1.62.
Schrodinger (NASDAQ:SDGR - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.57. The company had revenue of $87.24 million during the quarter, compared to analysts' expectations of $83.66 million. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.24) EPS. On average, equities analysts predict that Schrodinger, Inc. will post -2.37 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have commented on the stock. Wall Street Zen upgraded shares of Schrodinger from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. TD Cowen reiterated a "buy" rating on shares of Schrodinger in a research report on Thursday, January 8th. KeyCorp lowered their price objective on shares of Schrodinger from $25.00 to $20.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Schrodinger in a research report on Friday, January 9th. Finally, UBS Group lowered their price objective on shares of Schrodinger from $18.00 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday, March 17th. Four investment 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. According to MarketBeat, Schrodinger has an average rating of "Hold" and an average price target of $20.50.
Read Our Latest Analysis on SDGR
Institutional Trading of Schrodinger
A number of large investors have recently made changes to their positions in the company. Purpose Unlimited Inc. bought a new position in Schrodinger during the 4th quarter worth about $47,000. Invesco Ltd. increased its holdings in Schrodinger by 5.7% during the 4th quarter. Invesco Ltd. now owns 190,763 shares of the company's stock worth $3,411,000 after purchasing an additional 10,307 shares in the last quarter. Susquehanna Portfolio Strategies LLC increased its holdings in Schrodinger by 459.2% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 158,162 shares of the company's stock worth $2,828,000 after purchasing an additional 129,877 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Schrodinger by 30.5% during the 4th quarter. Tudor Investment Corp ET AL now owns 438,925 shares of the company's stock worth $7,848,000 after purchasing an additional 102,546 shares in the last quarter. Finally, Perceptive Advisors LLC bought a new position in Schrodinger during the 4th quarter worth about $3,619,000. Institutional investors own 79.05% of the company's stock.
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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