Baillie Gifford & Co. Sells 348,163 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Baillie Gifford & Co. decreased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 11.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,602,389 shares of the company's stock after selling 348,163 shares during the quarter. Baillie Gifford & Co. owned about 3.61% of Schrödinger worth $93,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC acquired a new position in Schrödinger in the 1st quarter valued at about $25,000. Creative Planning purchased a new stake in Schrödinger in the 3rd quarter valued at about $27,000. Spire Wealth Management grew its holdings in Schrödinger by 66.7% in the 3rd quarter. Spire Wealth Management now owns 1,000 shares of the company's stock valued at $28,000 after buying an additional 400 shares during the period. PNC Financial Services Group Inc. grew its holdings in Schrödinger by 1,676.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 888 shares of the company's stock valued at $44,000 after buying an additional 838 shares during the period. Finally, National Bank of Canada FI grew its holdings in Schrödinger by 260.0% in the 3rd quarter. National Bank of Canada FI now owns 1,800 shares of the company's stock valued at $49,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 79.05% of the company's stock.

Schrödinger Stock Down 3.5 %

Shares of Schrödinger stock traded down $0.99 on Wednesday, hitting $27.51. 699,605 shares of the company's stock traded hands, compared to its average volume of 889,950. The stock has a market cap of $1.99 billion, a P/E ratio of 43.67 and a beta of 1.57. The firm's 50-day moving average is $27.45 and its 200 day moving average is $28.49. Schrödinger, Inc. has a 52-week low of $20.76 and a 52-week high of $59.24.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The firm had revenue of $74.10 million for the quarter, compared to analysts' expectations of $79.12 million. During the same period last year, the business posted ($0.39) earnings per share. The firm's revenue for the quarter was up 30.5% on a year-over-year basis. Equities research analysts forecast that Schrödinger, Inc. will post -2.73 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on SDGR shares. KeyCorp lowered their price target on Schrödinger from $38.00 to $33.00 and set an "overweight" rating for the company in a report on Thursday, February 29th. TD Cowen initiated coverage on Schrödinger in a report on Friday, January 26th. They issued an "outperform" rating and a $42.00 price target for the company. Piper Sandler dropped their target price on shares of Schrödinger from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, February 29th. Craig Hallum dropped their target price on shares of Schrödinger from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, January 19th. Finally, Bank of America dropped their target price on shares of Schrödinger from $38.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Schrödinger currently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

Insider Buying and Selling

In related news, COO Kenneth Patrick Lorton sold 901 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.29, for a total transaction of $25,489.29. Following the transaction, the chief operating officer now directly owns 36,487 shares in the company, valued at $1,032,217.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $27.55, for a total value of $33,197.75. Following the sale, the insider now directly owns 9,340 shares in the company, valued at $257,317. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kenneth Patrick Lorton sold 901 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the sale, the chief operating officer now owns 36,487 shares in the company, valued at $1,032,217.23. The disclosure for this sale can be found here. Insiders have sold 3,651 shares of company stock worth $102,395 over the last ninety days. 7.60% of the stock is owned by insiders.

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.