Two Sigma Investments LP Invests $1.94 Million in Schrödinger, Inc. (NASDAQ:SDGR)

Two Sigma Investments LP acquired a new stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 100,494 shares of the company's stock, valued at approximately $1,939,000. Two Sigma Investments LP owned 0.14% of Schrödinger as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SDGR. Redwood Wealth Management Group LLC boosted its position in Schrödinger by 8.4% during the 4th quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock valued at $283,000 after acquiring an additional 1,132 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Schrödinger by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,643 shares of the company's stock worth $610,000 after purchasing an additional 1,202 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Schrödinger during the fourth quarter valued at about $27,000. Swiss National Bank boosted its position in Schrödinger by 1.2% during the fourth quarter. Swiss National Bank now owns 125,100 shares of the company's stock valued at $2,413,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in Schrödinger by 7.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 25,643 shares of the company's stock valued at $495,000 after purchasing an additional 1,750 shares during the last quarter. Institutional investors own 79.05% of the company's stock.

Insiders Place Their Bets

In other news, insider Karen Akinsanya sold 16,723 shares of the firm'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 completion of the transaction, the insider now directly owns 15,625 shares in the company, valued at $392,031.25. This trade represents a 51.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.60% of the company's stock.

Schrödinger Stock Performance

SDGR stock traded up $1.21 on Tuesday, hitting $22.90. 1,000,319 shares of the company's stock were exchanged, compared to its average volume of 870,427. The firm has a 50 day moving average price of $22.72 and a two-hundred day moving average price of $22.19. Schrödinger, Inc. has a 12-month low of $16.60 and a 12-month high of $28.47. The stock has a market cap of $1.68 billion, a P/E ratio of -9.79 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued 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 return on equity of 35.77% and a negative net margin of 91.84%. The business had revenue of $59.55 million during the quarter, compared to analyst estimates of $54.60 million. During the same period in the prior year, the business posted ($0.86) EPS. Schrödinger's revenue was up 62.7% compared to the same quarter last year. Sell-side analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on SDGR. KeyCorp increased their price target on shares of 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 objective on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $32.80.

Schrödinger 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.