Schrödinger, Inc. (NASDAQ:SDGR) Holdings Trimmed by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 806,112 shares of the company's stock after selling 50,845 shares during the period. Dimensional Fund Advisors LP owned about 1.11% of Schrödinger worth $15,548,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Schrödinger by 60.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock valued at $67,718,000 after acquiring an additional 1,319,464 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in shares of Schrödinger by 108.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock valued at $47,499,000 after acquiring an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Schrödinger by 17.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock valued at $43,968,000 after acquiring an additional 334,131 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Schrödinger by 4.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company's stock valued at $31,012,000 after acquiring an additional 67,786 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Schrödinger by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,680 shares of the company's stock valued at $9,832,000 after acquiring an additional 11,167 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Schrödinger

In other news, insider Karen Akinsanya sold 16,723 shares of the stock in a transaction on Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the completion of the transaction, the insider now owns 15,625 shares of the company's stock, valued at approximately $392,031.25. This represents a 51.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the completion of the transaction, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at approximately $599,357.44. The trade was a 16.62% 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 research firms recently issued reports on SDGR. KeyCorp upped their price target on Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Piper Sandler dropped their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $32.80.

Schrödinger Stock Up 1.1%

NASDAQ SDGR traded up $0.26 during trading hours on Monday, hitting $24.17. The company had a trading volume of 1,043,850 shares, compared to its average volume of 843,470. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The business has a fifty day simple moving average of $22.62 and a 200-day simple moving average of $21.82. The firm has a market cap of $1.77 billion, a P/E ratio of -10.33 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $59.55 million during the quarter, compared to the consensus estimate of $54.60 million. During the same period in the previous year, the company posted ($0.86) EPS. The company's revenue for the quarter was up 62.7% compared to the same quarter last year. Equities analysts forecast that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

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.