Russell Investments Group Ltd. Sells 133,320 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Russell Investments Group Ltd. cut its holdings in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,068 shares of the company's stock after selling 133,320 shares during the quarter. Russell Investments Group Ltd. owned 0.17% of Schrödinger worth $2,432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDGR. Paradigm Asset Management Co. LLC acquired a new position in shares of Schrödinger during the 4th quarter valued at $50,000. GAMMA Investing LLC raised 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 valued at $54,000 after purchasing an additional 1,305 shares during the period. KBC Group NV boosted its position in shares of Schrödinger by 73.9% during the 4th quarter. KBC Group NV now owns 4,361 shares of the company's stock worth $84,000 after purchasing an additional 1,853 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Schrödinger in the 4th quarter valued at about $218,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Schrödinger in the 4th quarter valued at about $264,000. 79.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SDGR shares. KeyCorp increased their price target on Schrödinger from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, April 16th. Piper Sandler cut their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, Schrödinger has an average rating of "Buy" and a consensus price target of $33.00.

Schrödinger Stock Performance

Shares of Schrödinger stock traded up $0.60 on Thursday, hitting $26.06. The company had a trading volume of 211,222 shares, compared to its average volume of 1,132,033. Schrödinger, Inc. has a 1 year low of $16.60 and a 1 year high of $28.47. The stock has a 50 day moving average of $22.10 and a 200-day moving average of $21.15. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -11.14 and a beta of 1.77.

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

Insider Activity at Schrödinger

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction on Monday, March 3rd. The stock was 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 in the company, 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 legal filing with the SEC, which can be accessed through this link. Also, insider Karen Akinsanya sold 16,723 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the sale, the insider now directly owns 15,625 shares of the company's stock, valued at approximately $392,031.25. This represents 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 insiders.

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.