Key Points
- Insider Robert Abel sold 23,605 Schrodinger shares for about $802,570 at an average price of $34. After the sale, he retained 54,219 shares; the transaction was made under a pre-arranged Rule 10b5-1 plan.
- Schrodinger reported quarterly revenue of $64.49 million, up 18.7% year over year and above analysts’ $47.73 million estimate. Its loss of $0.50 per share was narrower than the consensus estimate of $0.67 per share.
- Analysts’ overall rating was Hold, with a consensus price target of $26.67; four analysts rated the stock Buy, three Hold, and one Sell.
Schrodinger, Inc. (NASDAQ:SDGR - Get Free Report) insider Robert Abel sold 23,605 shares of the stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $34.00, for a total value of $802,570.00. Following the completion of the sale, the insider directly owned 54,219 shares of the company's stock, valued at approximately $1,843,446. This represents a 30.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Schrodinger Stock Down 2.1%
NASDAQ SDGR opened at $30.85 on Friday. The business's fifty day simple moving average is $26.74 and its 200-day simple moving average is $17.39. The firm has a market cap of $2.28 billion, a PE ratio of -39.05 and a beta of 1.69. Schrodinger, Inc. has a 52 week low of $10.94 and a 52 week high of $34.00.
Schrodinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.67) by $0.17. Schrodinger had a negative net margin of 22.02% and a negative return on equity of 18.12%. The firm had revenue of $64.49 million during the quarter, compared to analyst estimates of $47.73 million. During the same quarter in the prior year, the firm posted ($0.45) earnings per share. Schrodinger's quarterly revenue was up 18.7% on a year-over-year basis. Research analysts expect that Schrodinger, Inc. will post -1.39 EPS for the current year.
Hedge Funds Weigh In On Schrodinger
Large investors have recently modified their holdings of the business. Hantz Financial Services Inc. increased its position in shares of Schrodinger by 13.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,366 shares of the company's stock worth $105,000 after purchasing an additional 390 shares during the last quarter. GAMMA Investing LLC raised its holdings in Schrodinger by 5.7% in the 3rd quarter. GAMMA Investing LLC now owns 14,353 shares of the company's stock valued at $446,000 after buying an additional 772 shares during the period. Kestra Advisory Services LLC raised its holdings in Schrodinger by 2.0% in the 1st quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company's stock valued at $584,000 after buying an additional 1,002 shares during the period. Root Financial Partners LLC purchased a new stake in Schrodinger in the 3rd quarter valued at about $50,000. Finally, Sterling Capital Management LLC lifted its position in Schrodinger by 843.8% in the third quarter. Sterling Capital Management LLC now owns 1,916 shares of the company's stock valued at $59,000 after buying an additional 1,713 shares during the last quarter. Institutional investors and hedge funds own 79.05% of the company's stock.
Wall Street Analysts Forecast Growth
SDGR has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Schrodinger from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 27th. UBS Group increased their price target on shares of Schrodinger from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Tuesday, October 20th. Wall Street Zen upgraded shares of Schrodinger from a "strong sell" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Schrodinger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 3rd. Finally, BMO Capital Markets lifted their price target on shares of Schrodinger from $24.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.67.
View Our Latest Report on Schrodinger
About Schrodinger
(
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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.
Further Reading
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