Schrodinger, Inc. (NASDAQ:SDGR) Position Raised by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC grew its position in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,969,941 shares of the company's stock after acquiring an additional 362,285 shares during the quarter. Stephens Investment Management Group LLC owned about 2.70% of Schrodinger worth $38,887,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Schrodinger in the fourth quarter worth $325,000. Two Sigma Advisers LP bought a new position in shares of Schrodinger in the fourth quarter valued at approximately $473,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Schrodinger by 30.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 174,371 shares of the company's stock valued at $3,442,000 after acquiring an additional 40,568 shares in the last quarter. GAMMA Investing LLC raised its holdings in Schrodinger by 118.5% during the first quarter. GAMMA Investing LLC now owns 6,109 shares of the company's stock worth $121,000 after purchasing an additional 3,313 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Schrodinger in the fourth quarter worth approximately $330,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SDGR. KeyCorp boosted their price objective on Schrodinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Morgan Stanley started coverage on shares of Schrodinger in a research report on Thursday, July 3rd. They set an "equal weight" rating and a $28.00 price objective for the company.

Schrodinger Stock Down 3.2%

Shares of NASDAQ SDGR opened at $21.01 on Friday. The stock's fifty day simple moving average is $22.24 and its 200 day simple moving average is $22.38. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -7.99 and a beta of 1.58. Schrodinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47.

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

Insiders Place Their Bets

In other news, insider Karen Akinsanya sold 16,723 shares of the company'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 owned 15,625 shares in the company, valued at $392,031.25. This represents a 51.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.60% of the company's stock.

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.

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