Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 19.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,914 shares of the company's stock after selling 11,402 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Schrödinger worth $905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC purchased a new position in shares of Schrödinger during the fourth quarter worth about $50,000. GAMMA Investing LLC raised its holdings in Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock valued at $54,000 after acquiring an additional 1,305 shares during the last quarter. KBC Group NV lifted its stake in shares of Schrödinger by 73.9% in the 4th 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 in the last quarter. XTX Topco Ltd acquired a new stake in Schrödinger in the 4th quarter valued at $199,000. Finally, Bayesian Capital Management LP purchased a new position in Schrödinger in the 4th quarter valued at about $199,000. Hedge funds and other institutional investors own 79.05% of the company's stock.

Schrödinger Trading Down 1.3%

NASDAQ:SDGR traded down $0.31 during mid-day trading on Monday, hitting $23.27. The company's stock had a trading volume of 163,037 shares, compared to its average volume of 846,165. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -9.94 and a beta of 1.84. The stock has a fifty day moving average of $22.89 and a 200-day moving average of $22.02.

Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The company had revenue of $59.55 million for the quarter, compared to the consensus estimate of $54.60 million. During the same period last year, the company earned ($0.86) earnings per share. Schrödinger's revenue for the quarter was up 62.7% compared to the same quarter last year. On average, equities analysts anticipate that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. KeyCorp raised their target price on shares of Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler decreased their target price on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Schrödinger currently has a consensus rating of "Buy" and an average price target of $32.80.

Insider Buying and Selling at Schrödinger

In related news, 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 transaction of $419,580.07. Following the completion of the transaction, the insider now owns 15,625 shares of the company's stock, valued at approximately $392,031.25. The trade was a 51.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total transaction of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at $599,357.44. The trade was a 16.62% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.60% of the company's stock.

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.