Integrated Advisors Network LLC Lowers Position in Schrödinger, Inc. (NASDAQ:SDGR)

Integrated Advisors Network LLC trimmed its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,185 shares of the company's stock after selling 17,547 shares during the quarter. Integrated Advisors Network LLC owned 0.16% of Schrödinger worth $2,260,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Advisor Group LLC boosted its stake in shares of Schrödinger by 3.3% in the 4th quarter. United Advisor Group LLC now owns 19,769 shares of the company's stock valued at $381,000 after purchasing an additional 634 shares in the last quarter. Redwood Wealth Management Group LLC lifted its stake in shares of Schrödinger by 8.4% during the fourth quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock valued at $283,000 after acquiring an additional 1,132 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Schrödinger by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock valued at $610,000 after acquiring an additional 1,202 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Schrödinger in the fourth quarter valued at approximately $27,000. Finally, Swiss National Bank grew its holdings in Schrödinger by 1.2% during the 4th quarter. Swiss National Bank now owns 125,100 shares of the company's stock worth $2,413,000 after acquiring an additional 1,500 shares during the period. 79.05% of the stock is owned by institutional investors.

Insider Activity at Schrödinger

In other Schrödinger news, CFO Geoffrey Craig Porges sold 5,491 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. The trade was a 16.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Karen Akinsanya sold 16,723 shares of the company's stock in a transaction 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 approximately $392,031.25. This represents a 51.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.

Schrödinger Stock Down 0.4%

Shares of SDGR traded down $0.08 during midday trading on Thursday, reaching $21.44. 759,424 shares of the stock were exchanged, compared to its average volume of 867,055. The stock's 50 day simple moving average is $22.72 and its 200 day simple moving average is $22.14. The company has a market cap of $1.57 billion, a P/E ratio of -9.16 and a beta of 1.84. Schrödinger, Inc. has a twelve month low of $16.60 and a twelve month high of $28.47.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $54.60 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. Schrödinger's revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.86) earnings per share. As a group, analysts predict that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SDGR shares. Piper Sandler cut their price target 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 raised their target price on Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $32.80.

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.