LPL Financial LLC Sells 16,296 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

LPL Financial LLC decreased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,315 shares of the company's stock after selling 16,296 shares during the period. LPL Financial LLC owned about 0.06% of Schrödinger worth $797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Paradigm Asset Management Co. LLC bought a new position in shares of Schrödinger during the 4th quarter worth $50,000. GAMMA Investing LLC boosted its position in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock worth $54,000 after purchasing an additional 1,305 shares during the period. KBC Group NV increased its stake in shares of Schrödinger by 73.9% in the fourth quarter. KBC Group NV now owns 4,361 shares of the company's stock worth $84,000 after purchasing an additional 1,853 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Schrödinger in the fourth quarter valued at approximately $218,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Schrödinger during the 4th quarter valued at approximately $264,000. 79.05% of the stock is owned by institutional investors.

Schrödinger Price Performance

NASDAQ SDGR traded up $0.32 during trading on Friday, reaching $26.45. The company's stock had a trading volume of 832,106 shares, compared to its average volume of 835,914. The firm has a fifty day moving average of $22.14 and a 200 day moving average of $21.28. Schrödinger, Inc. has a one year low of $16.60 and a one year high of $28.47. The stock has a market capitalization of $1.93 billion, a PE ratio of -11.30 and a beta of 1.77.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.20). The company had revenue of $88.32 million during the quarter, compared to analysts' expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. Research analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Schrödinger

In related news, 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 transaction of $119,484.16. Following the completion of the sale, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. This represents a 16.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Karen Akinsanya sold 16,723 shares of the firm'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 transaction, the insider now owns 15,625 shares in the company, valued at approximately $392,031.25. The trade was a 51.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp boosted their target price on shares of Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler decreased their price objective on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Schrödinger has a consensus rating of "Buy" and an average price target of $33.00.

Schrödinger 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.