Deutsche Bank AG Purchases 17,700 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Deutsche Bank AG raised its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,026 shares of the company's stock after buying an additional 17,700 shares during the quarter. Deutsche Bank AG owned about 0.32% of Schrödinger worth $4,495,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Centiva Capital LP bought a new stake in shares of Schrödinger in the fourth quarter valued at $353,000. Brevan Howard Capital Management LP bought a new stake in shares of Schrödinger in the fourth quarter valued at $532,000. Captrust Financial Advisors bought a new stake in shares of Schrödinger in the fourth quarter valued at $240,000. Bayesian Capital Management LP bought a new stake in shares of Schrödinger in the fourth quarter valued at $199,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Schrödinger in the fourth quarter valued at $330,000. 79.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the transaction, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. The trade was a 16.62% 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. Also, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now owns 15,625 shares of the company's stock, valued at approximately $392,031.25. The trade was 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 company insiders.

Schrödinger Trading Up 0.8%

Shares of NASDAQ SDGR traded up $0.18 during mid-day trading on Friday, hitting $21.40. The company had a trading volume of 929,810 shares, compared to its average volume of 865,376. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -9.15 and a beta of 1.84. Schrödinger, Inc. has a 1 year low of $16.60 and a 1 year high of $28.47. The stock's 50-day moving average price is $22.77 and its 200-day moving average price is $22.13.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings results 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). 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 last 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, equities research analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SDGR. KeyCorp lifted their price target on Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. Piper Sandler reduced their price target on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, four have assigned 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 an average rating of "Buy" and a consensus target price of $32.80.

About Schrödinger

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.