Kodai Capital Management LP Makes New $3.03 Million Investment in Schrodinger, Inc. $SDGR

Key Points

• Kodai Capital Management LP has made a new investment of approximately $3.03 million in Schrodinger, acquiring over 153,000 shares of the company, which equates to about 0.21% ownership.
• Schrodinger's institutional investors collectively own 79.05% of the company's stock, with significant increases in holdings from firms like ARK Investment Management and Stephens Investment Management.
• Analyst ratings for Schrodinger are mixed, with the stock receiving a consensus rating of "Moderate Buy" and average price targets ranging from $19.00 to $35.00.

Kodai Capital Management LP acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 153,313 shares of the company's stock, valued at approximately $3,026,000. Kodai Capital Management LP owned approximately 0.21% of Schrodinger at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SDGR. Point72 Hong Kong Ltd acquired a new position in Schrodinger in the 4th quarter valued at $27,000. ANTIPODES PARTNERS Ltd acquired a new position in Schrodinger in the 1st quarter valued at $37,000. PNC Financial Services Group Inc. raised its holdings in Schrodinger by 29.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company's stock valued at $58,000 after acquiring an additional 680 shares in the last quarter. GAMMA Investing LLC raised its holdings in Schrodinger by 118.5% in the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company's stock valued at $121,000 after acquiring an additional 3,313 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in Schrodinger by 100.0% in the 1st quarter. Federated Hermes Inc. now owns 10,000 shares of the company's stock valued at $197,000 after acquiring an additional 5,000 shares in the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SDGR shares. Morgan Stanley dropped their price objective on Schrodinger from $28.00 to $19.00 and set an "equal weight" rating for the company in a report on Monday, August 18th. Citigroup cut Schrodinger from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $35.00 to $20.00 in a report on Friday, August 15th. KeyCorp reduced their price objective on Schrodinger from $32.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, July 14th. Wall Street Zen downgraded Schrodinger from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, Barclays began coverage on Schrodinger in a research note on Thursday, August 14th. They set an "overweight" rating and a $25.00 target price for the company. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Schrodinger currently has an average rating of "Moderate Buy" and a consensus price target of $27.83.

Schrodinger Price Performance

Shares of Schrodinger stock traded down $0.31 on Thursday, hitting $18.98. 261,862 shares of the company's stock traded hands, compared to its average volume of 1,147,634. Schrodinger, Inc. has a one year low of $16.60 and a one year high of $28.47. The company has a fifty day moving average of $20.46 and a two-hundred day moving average of $21.86. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -7.66 and a beta of 1.79.

Schrodinger (NASDAQ:SDGR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.83) by $0.24. Schrodinger had a negative return on equity of 45.70% and a negative net margin of 76.22%.The company had revenue of $54.76 million for the quarter, compared to analyst estimates of $52.03 million. During the same quarter in the prior year, the company earned ($0.66) EPS. The firm's revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Schrodinger 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.