14,495 Shares in Schrödinger, Inc. (NASDAQ:SDGR) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,495 shares of the company's stock, valued at approximately $280,000.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock worth $67,718,000 after buying an additional 1,319,464 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of Schrödinger by 108.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock worth $47,499,000 after acquiring an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Schrödinger by 17.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock valued at $43,968,000 after purchasing an additional 334,131 shares during the last quarter. Barclays PLC grew its stake in Schrödinger by 421.6% during the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after purchasing an additional 86,933 shares in the last quarter. Finally, Norges Bank purchased a new stake in Schrödinger during the 4th quarter worth approximately $1,546,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Insider Activity at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the sale, the chief financial officer now owns 27,544 shares of the company's stock, valued at $599,357.44. The trade was a 16.62 % decrease in their ownership of the stock. The sale 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 stock in a transaction on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares of the company's stock, valued at approximately $392,031.25. The trade was a 51.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Schrödinger Price Performance

Shares of SDGR stock traded up $0.54 during trading hours on Friday, reaching $25.75. The stock had a trading volume of 1,141,814 shares, compared to its average volume of 824,246. The firm has a market capitalization of $1.88 billion, a PE ratio of -11.00 and a beta of 1.77. The firm has a 50-day simple moving average of $22.01 and a 200-day simple moving average of $20.98. Schrödinger, Inc. has a twelve month low of $16.60 and a twelve month high of $28.47.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The firm had revenue of $88.32 million during 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, equities analysts anticipate that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

SDGR has been the subject of a number of research analyst reports. Piper Sandler lowered their price target on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. KeyCorp raised their price target on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $33.00.

Schrödinger 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.