Wesbanco Bank Inc. Invests $839,000 in Schrodinger, Inc. $SDGR

Wesbanco Bank Inc. purchased a new position in Schrodinger, Inc. (NASDAQ:SDGR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 46,900 shares of the company’s stock, valued at approximately $839,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Schrodinger by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock worth $115,584,000 after purchasing an additional 125,349 shares during the period. Rubric Capital Management LP lifted its position in Schrodinger by 5.4% during the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock valued at $105,692,000 after acquiring an additional 268,817 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Schrodinger by 3.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock valued at $84,300,000 after acquiring an additional 160,198 shares during the last quarter. Amova Asset Management Americas Inc. lifted its position in Schrodinger by 1.8% during the third quarter. Amova Asset Management Americas Inc. now owns 2,638,935 shares of the company’s stock valued at $52,937,000 after acquiring an additional 47,443 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Schrodinger by 65.3% during the third quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock valued at $47,070,000 after acquiring an additional 927,234 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Stock Performance

NASDAQ:SDGR opened at $13.13 on Monday. Schrodinger, Inc. has a 12 month low of $10.94 and a 12 month high of $27.63. The firm has a fifty day simple moving average of $12.09 and a 200-day simple moving average of $15.31. The company has a market capitalization of $969.26 million, a P/E ratio of -9.31 and a beta of 1.57.

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

Insider Activity at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the transaction, the chief executive officer owned 330,824 shares of the company’s stock, valued at $4,079,059.92. This trade represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 57,954 shares of company stock worth $724,939 in the last three months. Insiders own 10.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SDGR shares. KeyCorp lowered their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. 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 note on Tuesday, March 17th. Finally, Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday. 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.50.

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.