CloudAlpha Capital Management Limited Hong Kong Acquires New Holdings in Schrodinger, Inc. (NASDAQ:SDGR)

Key Points

• CloudAlpha Capital Management Limited Hong Kong acquired 61,000 shares of Schrodinger, Inc. (NASDAQ:SDGR) in Q1, totaling approximately $1.2 million, marking a new position for the investor.
• Schrodinger reported a quarterly earnings miss with an EPS of ($0.82), despite a 62.7% year-over-year increase in revenue totaling $59.55 million.
• 77% of Schrodinger’s stock is currently held by institutional investors, with notable increases in stakes by several hedge funds, including a 4,213% increase by GAMMA Investing LLC.

CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,000 shares of the company's stock, valued at approximately $1,204,000. CloudAlpha Capital Management Limited Hong Kong owned 0.08% of Schrodinger as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stephens Investment Management Group LLC grew its stake in Schrodinger by 22.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 1,969,941 shares of the company's stock valued at $38,887,000 after acquiring an additional 362,285 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Schrodinger by 17.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock valued at $43,968,000 after buying an additional 334,131 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Schrodinger by 42.3% during the fourth quarter. Millennium Management LLC now owns 761,653 shares of the company's stock valued at $14,692,000 after buying an additional 226,536 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Schrodinger during the first quarter valued at approximately $4,027,000. Finally, GAMMA Investing LLC lifted its stake in shares of Schrodinger by 4,213.0% during the first quarter. GAMMA Investing LLC now owns 120,592 shares of the company's stock valued at $2,380,000 after buying an additional 117,796 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Schrodinger Stock Performance

Shares of SDGR stock traded down $1.06 during mid-day trading on Tuesday, reaching $21.34. 377,706 shares of the company were exchanged, compared to its average volume of 1,126,949. Schrodinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The company has a market capitalization of $1.57 billion, a P/E ratio of -8.11 and a beta of 1.58. The business's 50 day simple moving average is $21.81 and its 200 day simple moving average is $22.54.

Schrodinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) EPS for the quarter, missing analysts' consensus estimates of ($0.81) by ($0.01). The business had revenue of $59.55 million during the quarter, compared to analyst estimates of $54.60 million. Schrodinger had a negative return on equity of 44.74% and a negative net margin of 83.39%. The business's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.86) EPS. On average, analysts forecast that Schrodinger, Inc. will post -2.37 EPS for the current year.

Wall Street Analysts Forecast Growth

SDGR has been the topic of several research analyst reports. KeyCorp cut their price target on shares of Schrodinger from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, July 14th. Morgan Stanley assumed coverage on shares of Schrodinger in a research report on Thursday, July 3rd. They issued an "equal weight" rating and a $28.00 price objective for the company.

Schrodinger Company 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.