Two Sigma Advisers LP purchased a new stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,500 shares of the company's stock, valued at approximately $473,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redwood Wealth Management Group LLC raised its stake in shares of Schrödinger by 8.4% in the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock worth $283,000 after buying an additional 1,132 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Schrödinger by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock worth $610,000 after acquiring an additional 1,202 shares during the period. Point72 Hong Kong Ltd bought a new stake in Schrödinger in the fourth quarter worth about $27,000. Swiss National Bank raised its position in Schrödinger by 1.2% in the fourth quarter. Swiss National Bank now owns 125,100 shares of the company's stock worth $2,413,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Ensign Peak Advisors Inc lifted its holdings in Schrödinger by 7.3% in the 4th quarter. Ensign Peak Advisors Inc now owns 25,643 shares of the company's stock valued at $495,000 after acquiring an additional 1,750 shares during the last quarter. 79.05% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. KeyCorp raised their target price on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schrödinger currently has a consensus rating of "Buy" and a consensus target price of $32.80.
View Our Latest Stock Analysis on SDGR
Schrödinger Stock Up 3.3%
Shares of NASDAQ SDGR traded up $0.78 during mid-day trading on Friday, hitting $24.62. 1,166,990 shares of the company traded hands, compared to its average volume of 873,615. Schrödinger, Inc. has a 1 year low of $16.60 and a 1 year high of $28.47. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -10.52 and a beta of 1.84. The business has a 50 day moving average of $22.93 and a two-hundred day moving average of $22.24.
Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. During the same quarter in the previous year, the firm posted ($0.86) EPS. Schrödinger's quarterly revenue was up 62.7% on a year-over-year basis. As a group, research analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current year.
Insider Activity at Schrödinger
In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of Schrödinger stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. The trade was a 51.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.
About Schrödinger
(
Free Report)
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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