Calamos Advisors LLC Makes New Investment in Schrodinger, Inc. $SDGR

Key Points

• Calamos Advisors initiated a position in Schrödinger, buying 60,036 shares valued at approximately $1.86 million; institutional investors collectively own 79.05% of the stock.
• Analyst views are mixed, with four Buy, three Hold, and one Sell rating. The average rating is Hold, with an average price target of $26.67.
• Schrödinger reported quarterly revenue of $64.49 million, up 18.7% year over year, and a loss per share of $0.50—narrower than analysts expected. Shares opened at $33.39 after a reported 12% rise.

Calamos Advisors LLC acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,036 shares of the company's stock, valued at approximately $1,864,000. Calamos Advisors LLC owned 0.08% of Schrodinger at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of Schrodinger by 5.7% in the third quarter. GAMMA Investing LLC now owns 14,353 shares of the company's stock valued at $446,000 after buying an additional 772 shares in the last quarter. Kestra Advisory Services LLC grew its position in Schrodinger by 2.0% in the first quarter. Kestra Advisory Services LLC now owns 51,429 shares of the company's stock valued at $584,000 after acquiring an additional 1,002 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Schrodinger in the third quarter valued at approximately $50,000. Sterling Capital Management LLC raised its stake in shares of Schrodinger by 843.8% during the third quarter. Sterling Capital Management LLC now owns 1,916 shares of the company's stock valued at $59,000 after purchasing an additional 1,713 shares during the period. Finally, Entropy Technologies LP raised its stake in shares of Schrodinger by 17.9% during the first quarter. Entropy Technologies LP now owns 15,257 shares of the company's stock valued at $173,000 after purchasing an additional 2,311 shares during the period. Hedge funds and other institutional investors own 79.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Schrodinger from $20.00 to $32.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. BMO Capital Markets raised their price target on shares of Schrodinger from $24.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, October 12th. Wall Street Zen raised shares of Schrodinger from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Schrodinger from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 3rd. Finally, Weiss Ratings upgraded shares of Schrodinger from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $26.67.

Schrodinger Trading Up 12.0%

Schrodinger stock opened at $33.39 on Tuesday. The stock has a market cap of $2.46 billion, a P/E ratio of -42.27 and a beta of 1.69. The stock has a 50 day moving average of $26.07 and a 200-day moving average of $17.16. Schrodinger, Inc. has a 52 week low of $10.94 and a 52 week high of $33.78.

Schrodinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.50) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.17. The business had revenue of $64.49 million during the quarter, compared to the consensus estimate of $47.73 million. Schrodinger had a negative net margin of 22.02% and a negative return on equity of 17.66%. The business's quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.45) earnings per share. As a group, equities analysts predict that Schrodinger, Inc. will post -1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Schrodinger news, insider Karen Akinsanya sold 31,599 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $29.37, for a total transaction of $928,062.63. Following the transaction, the insider directly owned 69,956 shares in the company, valued at $2,054,607.72. This represents a 31.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 10.10% of the stock is owned by company insiders.

About Schrodinger

Schrödinger, Inc develops computational software used to support drug discovery and materials research. Its platform applies physics-based modeling, computational chemistry and machine learning to help researchers analyze molecular properties and identify promising candidates. The company's tools are used by pharmaceutical and biotechnology companies, academic institutions and other research organizations.

Alongside software sales and subscriptions, Schrödinger works with partners on drug discovery programs and advances a portfolio of its own therapeutic candidates.

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