Schrödinger, Inc. (NASDAQ:SDGR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 4,213.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,592 shares of the company's stock after buying an additional 117,796 shares during the period. GAMMA Investing LLC owned about 0.17% of Schrödinger worth $2,380,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SDGR. Barclays PLC raised its position in shares of Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after buying an additional 86,933 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Schrödinger by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 270,449 shares of the company's stock valued at $5,217,000 after buying an additional 8,138 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Schrödinger by 19.2% in the fourth quarter. Handelsbanken Fonder AB now owns 14,300 shares of the company's stock valued at $276,000 after buying an additional 2,300 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Schrödinger in the fourth quarter valued at approximately $50,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Schrödinger in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Schrödinger Stock Performance

Schrödinger stock traded down $1.40 during trading on Friday, reaching $21.43. The company had a trading volume of 1,726,412 shares, compared to its average volume of 896,770. Schrödinger, Inc. has a 12-month low of $16.60 and a 12-month high of $28.47. The stock's 50 day moving average price is $23.64 and its two-hundred day moving average price is $22.41. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -9.16 and a beta of 1.63.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its earnings results 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 net margin of 91.84% and a negative return on equity of 35.77%. The company had revenue of $59.55 million during the quarter, compared to analysts' expectations of $54.60 million. During the same quarter in the previous year, the firm posted ($0.86) earnings per share. Schrödinger's revenue for the quarter was up 62.7% compared to the same quarter last year. As a group, research analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the completion of the sale, the insider now directly owns 15,625 shares in the company, valued at $392,031.25. The trade was a 51.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SDGR shares. Piper Sandler cut their price objective on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp boosted their target price on shares of Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $32.80.

Schrödinger 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.