Key Points
- EVP Yvonne Tran sold 32,000 shares for $1.05 million under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 37.79% to 52,683 shares.
- Schrödinger’s latest quarter beat analyst expectations: loss per share was $0.50 versus forecasts of $0.67, while revenue of $64.49 million exceeded estimates and rose 18.7% year over year.
- Analyst views are mixed, with the stock carrying an average “Hold” rating and a $26.67 average price target; shares opened at $32.41, near their 52-week high of $33.78.
Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) EVP Yvonne Tran sold 32,000 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $32.85, for a total value of $1,051,200.00. Following the sale, the executive vice president owned 52,683 shares in the company, valued at approximately $1,730,636.55. This trade represents a 37.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Schrodinger Stock Performance
Schrodinger stock opened at $32.41 on Wednesday. The stock has a fifty day moving average of $26.33 and a two-hundred day moving average of $17.24. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -41.02 and a beta of 1.69. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $33.78.
Schrodinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.50) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.17. Schrodinger had a negative return on equity of 18.12% and a negative net margin of 22.02%. The company had revenue of $64.49 million during the quarter, compared to analysts' expectations of $47.73 million. During the same period in the previous year, the firm posted ($0.45) earnings per share. The business's revenue for the quarter was up 18.7% compared to the same quarter last year. On average, analysts forecast that Schrodinger, Inc. will post -1.39 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently weighed in on SDGR. Wall Street Zen raised shares of Schrodinger from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 8th. TD Cowen upped their target price on shares of Schrodinger from $31.00 to $36.00 and gave the company a "buy" rating in a report on Thursday, November 5th. BMO Capital Markets raised their price target on shares of Schrodinger from $24.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, October 12th. UBS Group raised their price target on shares of Schrodinger from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 20th. Finally, KeyCorp lifted their price target on shares of Schrodinger from $20.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.67.
Read Our Latest Research Report on Schrodinger
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SDGR. BlackRock Inc. acquired a new position in Schrodinger in the 2nd quarter valued at $170,978,000. Rubric Capital Management LP boosted its holdings in shares of Schrodinger by 43.8% during the first quarter. Rubric Capital Management LP now owns 6,000,000 shares of the company's stock worth $68,160,000 after purchasing an additional 1,828,502 shares during the last quarter. Amova Asset Management Americas Inc. boosted its holdings in shares of Schrodinger by 13.2% during the first quarter. Amova Asset Management Americas Inc. now owns 3,190,837 shares of the company's stock worth $36,248,000 after purchasing an additional 371,167 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Schrodinger by 79.0% during the third quarter. Public Sector Pension Investment Board now owns 350,738 shares of the company's stock worth $10,890,000 after purchasing an additional 154,824 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Schrodinger in the second quarter valued at $4,986,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.
Schrodinger Company Profile
(
Get Free Report)
Schrödinger, Inc. develops computational software used to support drug discovery and materials research. Its platform applies physics-based modeling, computational chemistry and machine learning to help researchers analyze molecular properties and identify promising candidates. The company's tools are used by pharmaceutical and biotechnology companies, academic institutions and other research organizations. Alongside software sales and subscriptions, Schrödinger works with partners on drug discovery programs and advances a portfolio of its own therapeutic candidates.
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