Schrödinger, Inc. (NASDAQ:SDGR) Position Increased by Prosight Management LP

Prosight Management LP grew its holdings in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 720,500 shares of the company's stock after acquiring an additional 20,500 shares during the period. Schrödinger comprises about 3.8% of Prosight Management LP's investment portfolio, making the stock its 11th biggest position. Prosight Management LP owned about 0.99% of Schrödinger worth $13,898,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its position in Schrödinger by 60.2% during the fourth 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 during the last quarter. Nikko Asset Management Americas Inc. increased its position in Schrödinger by 108.7% during 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 purchasing an additional 1,283,949 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Schrödinger by 17.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock worth $43,968,000 after buying an additional 334,131 shares during the period. Lazard Asset Management LLC raised its holdings in Schrödinger by 3.6% in the fourth quarter. Lazard Asset Management LLC now owns 1,700,909 shares of the company's stock worth $32,810,000 after purchasing an additional 58,541 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in Schrödinger by 4.4% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company's stock valued at $31,012,000 after acquiring an additional 67,786 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Stock Performance

Schrödinger stock traded down $2.44 during trading hours on Tuesday, reaching $21.12. 1,651,630 shares of the stock were exchanged, compared to its average volume of 850,978. The firm's 50 day moving average is $22.91 and its 200 day moving average is $22.06. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47. The stock has a market cap of $1.54 billion, a P/E ratio of -9.09 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. During the same period in the prior year, the firm posted ($0.86) earnings per share. The business's revenue for the quarter was up 62.7% compared to the same quarter last year. Equities research analysts expect that Schrödinger, Inc. will post -2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Schrödinger news, CFO Geoffrey Craig Porges sold 5,491 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Karen Akinsanya sold 16,723 shares of Schrödinger stock in a transaction 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 completion of the transaction, the insider now owns 15,625 shares in the company, valued at $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. 8.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SDGR shares. Piper Sandler reduced their target price on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. KeyCorp raised 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. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $32.80.

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.