Stephens Investment Management Group LLC Grows Stock Holdings in Schrodinger, Inc. $SDGR

Key Points

• Stephens Investment Management Group LLC increased its stake in Schrodinger, Inc. by 14.8% during Q2, now owning over 2.26 million shares valued at approximately $45.5 million.
• Recent changes in analyst ratings show mixed opinions on Schrodinger, with Goldman Sachs initiating coverage with a "neutral" rating and a target price of $19.00, while Citigroup downgraded it to "neutral" with a target price of $20.00.
• Insider Margaret Dugan sold 1,395 shares of Schrodinger, decreasing her ownership by 5.37%, bringing her total holdings to around 24,574 shares.

Stephens Investment Management Group LLC boosted its holdings in shares of Schrodinger, Inc. (NASDAQ:SDGR - Free Report) by 14.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,261,334 shares of the company's stock after purchasing an additional 291,393 shares during the quarter. Stephens Investment Management Group LLC owned about 3.08% of Schrodinger worth $45,498,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SDGR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Schrodinger by 169.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,357,532 shares of the company's stock valued at $86,018,000 after purchasing an additional 2,737,728 shares in the last quarter. American Century Companies Inc. purchased a new stake in Schrodinger during the first quarter valued at $19,787,000. Jones Financial Companies Lllp raised its stake in shares of Schrodinger by 34,925.9% in the first quarter. Jones Financial Companies Lllp now owns 216,110 shares of the company's stock valued at $4,266,000 after acquiring an additional 215,493 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Schrodinger in the first quarter valued at $4,027,000. Finally, Kodai Capital Management LP purchased a new stake in shares of Schrodinger in the first quarter valued at $3,026,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SDGR. The Goldman Sachs Group began coverage on shares of Schrodinger in a research note on Monday, September 29th. They issued a "neutral" rating and a $19.00 target price on the stock. KeyCorp reduced their target price on shares of Schrodinger from $30.00 to $28.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Citigroup downgraded shares of Schrodinger from a "buy" rating to a "neutral" rating and reduced their target price for the company from $35.00 to $20.00 in a research note on Friday, August 15th. Weiss Ratings reissued a "sell (e+)" rating on shares of Schrodinger in a research note on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Schrodinger from a "hold" rating to a "sell" rating in a report on Saturday, October 4th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Schrodinger has a consensus rating of "Hold" and an average price target of $26.29.

Insider Transactions at Schrodinger

In other Schrodinger news, insider Margaret Dugan sold 1,395 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $21.07, for a total transaction of $29,392.65. Following the completion of the sale, the insider directly owned 24,574 shares of the company's stock, valued at approximately $517,774.18. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 21.00% of the stock is currently owned by insiders.

Schrodinger Trading Down 5.1%

NASDAQ SDGR opened at $20.87 on Wednesday. Schrodinger, Inc. has a 12 month low of $16.60 and a 12 month high of $28.47. The company's 50-day moving average price is $19.71 and its 200-day moving average price is $21.38. The stock has a market cap of $1.54 billion, a PE ratio of -8.42 and a beta of 1.74.

Schrodinger (NASDAQ:SDGR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.83) by $0.24. Schrodinger had a negative net margin of 76.22% and a negative return on equity of 45.70%. The company had revenue of $54.76 million for the quarter, compared to analysts' expectations of $52.03 million. During the same period in the prior year, the business earned ($0.66) EPS. The firm's quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts forecast 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.

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