Susquehanna Fundamental Investments LLC Makes New $965,000 Investment in Schrödinger, Inc. (NASDAQ:SDGR)

Susquehanna Fundamental Investments LLC acquired a new stake in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,041 shares of the company's stock, valued at approximately $965,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Schrödinger at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SDGR. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock valued at $67,718,000 after buying an additional 1,319,464 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its position in Schrödinger by 108.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock worth $47,499,000 after purchasing an additional 1,283,949 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Schrödinger by 17.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,279,313 shares of the company's stock worth $43,968,000 after acquiring an additional 334,131 shares during the last quarter. Stephens Investment Management Group LLC raised its stake in Schrödinger by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company's stock valued at $31,012,000 after purchasing an additional 67,786 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Schrödinger by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,680 shares of the company's stock worth $9,832,000 after purchasing an additional 11,167 shares during the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Insiders Place Their Bets

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the completion of the transaction, the chief financial officer now directly owns 27,544 shares of the company's stock, valued at $599,357.44. This represents a 16.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Karen Akinsanya sold 16,723 shares of the 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 directly owns 15,625 shares of the company's stock, valued at approximately $392,031.25. The trade was a 51.70 % decrease in their position. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SDGR shares. Piper Sandler lowered their price objective on Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. KeyCorp increased their price objective 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $32.80.

Schrödinger Stock Down 0.1 %

Shares of Schrödinger stock traded down $0.03 during trading hours on Wednesday, hitting $23.53. The company's stock had a trading volume of 118,397 shares, compared to its average volume of 828,991. The company has a market capitalization of $1.72 billion, a PE ratio of -10.06 and a beta of 1.84. The business has a fifty day moving average of $22.49 and a 200 day moving average of $21.67. Schrödinger, Inc. has a 1-year low of $16.60 and a 1-year high of $28.47.

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 the consensus estimate of ($0.35) by ($0.20). The company had revenue of $88.32 million for the quarter, compared to analyst estimates of $83.20 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. On average, sell-side analysts anticipate that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

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.