Captrust Financial Advisors Purchases New Stake in Schrödinger, Inc. (NASDAQ:SDGR)

Captrust Financial Advisors acquired a new position in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,466 shares of the company's stock, valued at approximately $240,000.

A number of other large investors also recently added to or reduced their stakes in SDGR. Redwood Wealth Management Group LLC boosted its stake in Schrödinger by 8.4% during the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock worth $283,000 after acquiring an additional 1,132 shares during the last quarter. Swiss National Bank raised its holdings 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 purchasing an additional 1,500 shares during the period. Sei Investments Co. raised its holdings in Schrödinger by 9.5% in the fourth quarter. Sei Investments Co. now owns 20,304 shares of the company's stock worth $392,000 after purchasing an additional 1,755 shares during the period. MetLife Investment Management LLC boosted its position in shares of Schrödinger by 5.6% during the fourth quarter. MetLife Investment Management LLC now owns 34,554 shares of the company's stock worth $667,000 after purchasing an additional 1,825 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Schrödinger by 73.9% in the 4th quarter. KBC Group NV now owns 4,361 shares of the company's stock valued at $84,000 after buying an additional 1,853 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Schrödinger Trading Up 0.5%

Shares of Schrödinger stock traded up $0.10 during trading on Tuesday, reaching $21.50. The stock had a trading volume of 900,048 shares, compared to its average volume of 865,519. Schrödinger, Inc. has a 52 week low of $16.60 and a 52 week high of $28.47. The stock has a fifty day moving average price of $22.73 and a two-hundred day moving average price of $22.15. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -9.19 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing the consensus estimate of ($0.81) by ($0.01). The company had revenue of $59.55 million during the quarter, compared to the consensus estimate of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. Schrödinger's revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.86) EPS. On average, equities analysts forecast that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction that occurred on Monday, April 14th. The stock was 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 of the company's stock, valued at approximately $392,031.25. The trade was a 51.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at $599,357.44. This represents a 16.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

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.