Aquatic Capital Management LLC Sells 23,673 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Aquatic Capital Management LLC cut its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,827 shares of the company's stock after selling 23,673 shares during the period. Aquatic Capital Management LLC's holdings in Schrödinger were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Barclays PLC boosted its stake in Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after acquiring an additional 86,933 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Schrödinger by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,702 shares of the company's stock valued at $2,276,000 after purchasing an additional 4,403 shares during the period. GAMMA Investing LLC boosted its position in shares of Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock worth $54,000 after purchasing an additional 1,305 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Schrödinger during the fourth quarter worth $577,000. Finally, Geneos Wealth Management Inc. increased its holdings in Schrödinger by 15.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 59,996 shares of the company's stock valued at $1,157,000 after purchasing an additional 8,021 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

Schrödinger Stock Performance

NASDAQ SDGR opened at $25.29 on Friday. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -10.81 and a beta of 1.84. The business has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $21.58. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The company had revenue of $88.32 million for the quarter, compared to the consensus estimate of $83.20 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. On average, analysts predict that Schrödinger, Inc. will post -2.37 EPS for the current year.

Insider Buying and Selling at Schrödinger

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. This trade represents a 16.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $25.09, for a total transaction of $419,580.07. Following the completion of the sale, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. This represents a 51.70 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Piper Sandler lowered their target price on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Schrödinger presently has a consensus rating of "Buy" and a consensus price target of $32.80.

Schrödinger Company Profile

Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.

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