Natixis Invests $1.75 Million in Schrödinger, Inc. (NASDAQ:SDGR)

Natixis bought a new position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 90,700 shares of the company's stock, valued at approximately $1,750,000. Natixis owned approximately 0.12% of Schrödinger at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SDGR. Stifel Financial Corp raised its position in Schrödinger by 12.3% during the third quarter. Stifel Financial Corp now owns 27,541 shares of the company's stock valued at $511,000 after buying an additional 3,020 shares during the period. Barclays PLC increased its holdings in shares of Schrödinger by 421.6% in the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock valued at $1,995,000 after purchasing an additional 86,933 shares during the period. Geode Capital Management LLC lifted its position in shares of Schrödinger by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company's stock worth $24,476,000 after purchasing an additional 24,114 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Schrödinger by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 122,702 shares of the company's stock worth $2,276,000 after purchasing an additional 4,403 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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. Institutional investors and hedge funds own 79.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SDGR. KeyCorp increased their target price on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 16th. Piper Sandler cut their price objective on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $33.00.

Schrödinger Price Performance

Shares of SDGR stock traded down $0.62 on Monday, hitting $25.83. The company's stock had a trading volume of 170,178 shares, compared to its average volume of 833,940. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of -11.04 and a beta of 1.77. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The firm's fifty day moving average price is $22.14 and its 200-day moving average price is $21.33.

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

Insider Buying and Selling at Schrödinger

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Karen Akinsanya sold 16,723 shares of the business'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 transaction, the insider now directly owns 15,625 shares of the company's stock, valued at $392,031.25. This represents a 51.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

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.