Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,619,804 shares of the company's stock after selling 537,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 2.22% of Schrödinger worth $31,246,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after acquiring an additional 86,933 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Schrödinger by 15.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 59,996 shares of the company's stock worth $1,157,000 after acquiring an additional 8,021 shares in the last quarter. KBC Group NV increased its stake in Schrödinger by 73.9% during the fourth quarter. KBC Group NV now owns 4,361 shares of the company's stock valued at $84,000 after purchasing an additional 1,853 shares during the last quarter. Redwood Wealth Management Group LLC increased its position in Schrödinger by 8.4% in the fourth quarter. Redwood Wealth Management Group LLC now owns 14,620 shares of the company's stock worth $283,000 after buying an additional 1,132 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of 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 period. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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. 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 can be accessed through this hyperlink. Also, insider Karen Akinsanya sold 16,723 shares of the business's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the transaction, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. This represents a 51.70% decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SDGR has been the topic of several research analyst reports. Piper Sandler lowered their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. KeyCorp boosted their target price on Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $32.80.

Schrödinger Stock Performance

Schrödinger stock traded up $0.02 during midday trading on Wednesday, hitting $21.52. 1,015,165 shares of the company's stock were exchanged, compared to its average volume of 867,484. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47. The stock has a 50-day moving average price of $22.72 and a two-hundred day moving average price of $22.14. The company has a market cap of $1.57 billion, a P/E ratio of -9.20 and a beta of 1.84.

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

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.