Karen Akinsanya Sells 1,394 Shares of Schrödinger, Inc. (NASDAQ:SDGR) Stock

Schrödinger, Inc. (NASDAQ:SDGR) insider Karen Akinsanya sold 1,394 shares of the company’s stock in a transaction on Wednesday, September 15th. The shares were sold at an average price of $61.13, for a total value of $85,215.22. Following the completion of the transaction, the insider now owns 1,394 shares of the company’s stock, valued at $85,215.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:SDGR traded up $0.18 during mid-day trading on Thursday, reaching $61.15. 404,586 shares of the stock were exchanged, compared to its average volume of 823,308. The company has a market cap of $4.33 billion, a P/E ratio of -98.53 and a beta of 1.00. Schrödinger, Inc. has a one year low of $46.27 and a one year high of $117.00. The stock’s 50 day simple moving average is $64.30 and its 200-day simple moving average is $70.72.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Thursday, August 12th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.20). Schrödinger had a negative return on equity of 6.73% and a negative net margin of 34.75%. As a group, research analysts forecast that Schrödinger, Inc. will post -1.2 EPS for the current fiscal year.

Several brokerages have recently commented on SDGR. Craig Hallum began coverage on Schrödinger in a report on Tuesday, May 25th. They set a “buy” rating and a $85.00 target price on the stock. Morgan Stanley upgraded Schrödinger from an “equal weight” rating to an “overweight” rating and set a $82.00 target price on the stock in a report on Wednesday, September 1st. Finally, Zacks Investment Research cut Schrödinger from a “buy” rating to a “hold” rating in a report on Saturday, August 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $83.33.

Several large investors have recently bought and sold shares of the stock. Stephens Inc. AR bought a new position in Schrödinger in the first quarter valued at approximately $29,000. Sandy Spring Bank grew its stake in Schrödinger by 135.3% in the second quarter. Sandy Spring Bank now owns 400 shares of the company’s stock valued at $30,000 after purchasing an additional 230 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in Schrödinger in the second quarter valued at approximately $66,000. Lazard Asset Management LLC grew its stake in Schrödinger by 23.6% in the first quarter. Lazard Asset Management LLC now owns 999 shares of the company’s stock valued at $76,000 after purchasing an additional 191 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Schrödinger by 518.1% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,193 shares of the company’s stock valued at $90,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 55.29% of the company’s stock.

Schrödinger Company Profile

Schrödinger, Inc provides physics-based software platform that enables discovery of novel molecules for drug development and materials applications. The company operates through two segments, Software and Drug Discovery. The Software segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

Recommended Story: Federal Reserve

Insider Buying and Selling by Quarter for Schrödinger (NASDAQ:SDGR)

Receive News & Ratings for Schrödinger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schrödinger and related companies with MarketBeat.com's FREE daily email newsletter.