Tema Etfs LLC Buys New Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

Tema Etfs LLC bought a new position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 34,788 shares of the company's stock, valued at approximately $671,000.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Schrödinger by 60.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock valued at $67,718,000 after purchasing an additional 1,319,464 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in shares of Schrödinger by 108.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock worth $47,499,000 after purchasing an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Schrödinger by 17.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock valued at $43,968,000 after buying an additional 334,131 shares during the last quarter. Millennium Management LLC grew its stake in shares of Schrödinger by 42.3% in the 4th quarter. Millennium Management LLC now owns 761,653 shares of the company's stock valued at $14,692,000 after buying an additional 226,536 shares in the last quarter. Finally, Natixis acquired a new position in Schrödinger in the fourth quarter worth approximately $1,750,000. Institutional investors and hedge funds own 79.05% of the company's stock.

Insider Activity at Schrödinger

In related news, insider Karen Akinsanya sold 16,723 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was 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 of the company's stock, valued at approximately $392,031.25. This represents a 51.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the 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 transaction, the chief financial officer now owns 27,544 shares of the company's stock, valued at approximately $599,357.44. This trade represents a 16.62% decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Schrödinger Stock Down 0.7%

SDGR traded down $0.16 during trading on Friday, hitting $21.06. The company's stock had a trading volume of 356,830 shares, compared to its average volume of 1,139,376. The firm's 50 day moving average price is $22.80 and its two-hundred day moving average price is $22.07. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -9.00 and a beta of 1.84. Schrödinger, Inc. has a 12 month low of $16.60 and a 12 month high of $28.47.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. During the same period in the prior year, the company posted ($0.86) EPS. The firm's quarterly revenue was up 62.7% compared to the same quarter last year. On average, sell-side analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. KeyCorp boosted their target price on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Piper Sandler lowered their price objective on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, 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.