Schonfeld Strategic Advisors LLC Cuts Stock Position in Schrödinger, Inc. (NASDAQ:SDGR)

Schonfeld Strategic Advisors LLC trimmed its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 48.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,870 shares of the company's stock after selling 22,831 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Schrödinger were worth $460,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Paradigm Asset Management Co. LLC bought a new position in Schrödinger during the fourth quarter valued at $50,000. GAMMA Investing LLC lifted its position in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company's stock valued at $54,000 after purchasing an additional 1,305 shares during the last quarter. KBC Group NV lifted its position in Schrödinger by 73.9% during the fourth 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 during the last quarter. XTX Topco Ltd bought a new position in Schrödinger during the fourth quarter valued at $199,000. Finally, Proficio Capital Partners LLC bought a new position in Schrödinger during the fourth quarter valued at $218,000. Institutional investors own 79.05% of the company's stock.

Schrödinger Price Performance

Shares of Schrödinger stock traded down $0.57 during trading on Thursday, hitting $23.35. The stock had a trading volume of 873,545 shares, compared to its average volume of 843,590. Schrödinger, Inc. has a 12 month low of $16.60 and a 12 month high of $28.47. The firm's fifty day simple moving average is $22.78 and its 200-day simple moving average is $21.89. The stock has a market cap of $1.71 billion, a PE ratio of -9.98 and a beta of 1.84.

Schrödinger (NASDAQ:SDGR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the business earned ($0.86) EPS. The company's quarterly revenue was up 62.7% compared to the same quarter last year. Analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Piper Sandler lowered their price objective on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. 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. 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 stock. Based on data from MarketBeat.com, Schrödinger presently has an average rating of "Buy" and a consensus target price of $32.80.

Insider Activity at Schrödinger

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of the firm's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $25.09, for a total transaction of $419,580.07. Following the transaction, the insider now owns 15,625 shares of the company's stock, valued at approximately $392,031.25. This trade represents a 51.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $21.76, for a total transaction of $119,484.16. Following the transaction, the chief financial officer now directly owns 27,544 shares in the company, valued at $599,357.44. This trade represents a 16.62% decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company 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.