Baillie Gifford & Co. Sells 139,307 Shares of Schrodinger, Inc. $SDGR

Key Points

• Baillie Gifford & Co. cut its stake in Schrodinger by 14.3%, selling 139,307 shares in Q4 and now owns 835,488 shares (about 1.13% of the company) worth roughly $14.94 million.
• Schrodinger beat the latest quarter (EPS $0.44 vs. -$0.13 estimate; revenue $87.2M vs. $83.7M) but remains unprofitable with a -40.37% net margin and analysts expect -2.37 EPS for the current year.
• Analysts are mixed on the stock with a consensus rating of "Hold" and a $20.50 target (4 Buys, 4 Holds, 1 Sell).

Baillie Gifford & Co. lessened its holdings in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 835,488 shares of the company's stock after selling 139,307 shares during the quarter. Baillie Gifford & Co. owned 1.13% of Schrodinger worth $14,939,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Schrodinger by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company's stock worth $653,000 after purchasing an additional 1,412 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Schrodinger by 75.2% in the second quarter. Cetera Investment Advisers now owns 29,973 shares of the company's stock worth $603,000 after purchasing an additional 12,868 shares in the last quarter. Norges Bank bought a new stake in shares of Schrodinger in the second quarter worth $311,000. Invesco Ltd. lifted its position in shares of Schrodinger by 15.6% in the second quarter. Invesco Ltd. now owns 155,895 shares of the company's stock worth $3,137,000 after purchasing an additional 21,039 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Schrodinger during the second quarter worth $1,227,000. Institutional investors own 79.05% of the company's stock.

Schrodinger Price Performance

NASDAQ:SDGR opened at $11.45 on Tuesday. Schrodinger, Inc. has a one year low of $10.94 and a one year high of $27.63. The company has a market cap of $845.24 million, a P/E ratio of -8.06 and a beta of 1.62. The firm's fifty day moving average price is $12.07 and its two-hundred day moving average price is $16.21.

Schrodinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.57. Schrodinger had a negative net margin of 40.37% and a negative return on equity of 29.47%. The firm had revenue of $87.24 million for the quarter, compared to the consensus estimate of $83.66 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The company's quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Insider Activity at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the transaction, the chief executive officer directly owned 330,824 shares in the company, valued at $4,270,937.84. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 15,340 shares of company stock valued at $200,605 in the last 90 days. 21.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on SDGR. Bank of America raised shares of Schrodinger from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Monday, December 15th. UBS Group dropped their price target on shares of Schrodinger from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 17th. KeyCorp dropped their price target on shares of Schrodinger from $25.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 8th. TD Cowen reaffirmed a "buy" rating on shares of Schrodinger in a research report on Thursday, January 8th. Finally, Wall Street Zen raised shares of Schrodinger from a "sell" rating to a "hold" rating in a research report on Saturday, January 31st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus 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.

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