BNP Paribas Financial Markets Invests $330,000 in Schrödinger, Inc. (NASDAQ:SDGR)

BNP Paribas Financial Markets bought a new stake in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,110 shares of the company's stock, valued at approximately $330,000.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Schrödinger by 60.2% in the fourth 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 during the period. Nikko Asset Management Americas Inc. raised 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 buying an additional 1,283,949 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Schrödinger by 17.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock worth $43,968,000 after buying an additional 334,131 shares during the period. Natixis purchased a new stake in shares of Schrödinger during the fourth quarter worth about $1,750,000. Finally, Barclays PLC raised 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 during the period. Institutional investors own 79.05% of the company's stock.

Insider Transactions at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer now owns 27,544 shares in the company, valued at $599,357.44. The trade was a 16.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen Akinsanya sold 16,723 shares of the business's 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 owns 15,625 shares of the company's stock, valued at approximately $392,031.25. The trade was 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.

Schrödinger Stock Performance

NASDAQ:SDGR traded down $0.08 during trading hours on Thursday, reaching $21.44. The stock had a trading volume of 759,424 shares, compared to its average volume of 867,054. Schrödinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47. The company has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $22.14. The stock has a market capitalization of $1.57 billion, a PE ratio of -9.16 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm 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 firm earned ($0.86) EPS. The business's revenue was up 62.7% compared to the same quarter last year. Equities research analysts predict that Schrödinger, Inc. will post -2.37 EPS for the current year.

Analyst Ratings Changes

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

About Schrödinger

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.