Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,161 shares of the company's stock after selling 212,853 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.13% of Schrödinger worth $1,758,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SDGR. Sumitomo Mitsui Trust Group Inc. grew its position in Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock valued at $67,718,000 after acquiring an additional 1,319,464 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in Schrödinger by 108.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock valued at $47,499,000 after acquiring an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Schrödinger by 17.2% in 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 acquiring an additional 334,131 shares in the last quarter. Millennium Management LLC grew its position in 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 acquiring an additional 226,536 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in Schrödinger in the 4th quarter valued at about $1,939,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Schrödinger

In other Schrödinger news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the completion of the sale, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. The trade was a 16.62% decrease in their ownership of the stock. The sale 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 company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $25.09, for a total value of $419,580.07. Following the sale, the insider now owns 15,625 shares of the company's stock, valued at $392,031.25. This trade 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 Upgrades and Downgrades

Several equities analysts have weighed in on SDGR shares. Piper Sandler dropped their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp boosted their price objective on Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schrödinger presently has a consensus rating of "Buy" and a consensus price target of $32.80.

Schrödinger Stock Up 0.9%

SDGR traded up $0.19 on Friday, reaching $21.63. The company's stock had a trading volume of 720,833 shares, compared to its average volume of 868,724. The stock has a 50 day moving average of $22.70 and a two-hundred day moving average of $22.15. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -9.24 and a beta of 1.84. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47.

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