Wesbanco Bank Inc. Purchases New Holdings in Schrodinger, Inc. $SDGR

Wesbanco Bank Inc. purchased a new stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 46,900 shares of the company’s stock, valued at approximately $839,000. Wesbanco Bank Inc. owned about 0.06% of Schrodinger at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Schrodinger during the 2nd quarter valued at about $39,000. Aster Capital Management DIFC Ltd grew its holdings in Schrodinger by 212.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after purchasing an additional 1,321 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Schrodinger by 110.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after purchasing an additional 1,116 shares during the last quarter. Quarry LP grew its holdings in Schrodinger by 73.6% during the 3rd quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after purchasing an additional 1,018 shares during the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its holdings in Schrodinger by 292.3% during the 3rd quarter. ANTIPODES PARTNERS Ltd now owns 4,912 shares of the company’s stock valued at $99,000 after purchasing an additional 3,660 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ramy Farid sold 43,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total value of $530,190.00. Following the completion of the sale, the chief executive officer owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. This represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 57,954 shares of company stock valued at $724,939. 10.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on SDGR shares. Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday. KeyCorp dropped their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, UBS Group dropped their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.50.

Schrodinger Price Performance

Shares of SDGR stock opened at $13.13 on Monday. The company has a market capitalization of $969.26 million, a P/E ratio of -9.31 and a beta of 1.57. The company’s 50-day simple moving average is $12.09 and its two-hundred day simple moving average is $15.31. Schrodinger, Inc. has a one year low of $10.94 and a one year high of $27.63.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, May 5th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). The company had revenue of $58.59 million during the quarter, compared to the consensus estimate of $47.57 million. Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.Schrodinger’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.82) earnings per share. On average, research analysts expect that Schrodinger, Inc. will post -1.26 EPS for the current fiscal year.

Schrodinger Company Profile

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.