10,315 Shares in Schrödinger, Inc. (NASDAQ:SDGR) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,315 shares of the company's stock, valued at approximately $199,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SDGR. Raymond James Financial Inc. bought a new stake in Schrödinger during the fourth quarter worth about $325,000. ADAR1 Capital Management LLC bought a new stake in shares of Schrödinger in the 4th quarter worth approximately $485,000. Envestnet Asset Management Inc. grew its stake in shares of Schrödinger by 6.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 185,754 shares of the company's stock worth $3,583,000 after buying an additional 11,343 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Schrödinger during the 4th quarter valued at approximately $280,000. Finally, Massachusetts Financial Services Co. MA raised its stake 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 valued at $43,968,000 after buying an additional 334,131 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SDGR has been the topic of a number of recent research reports. Piper Sandler cut their target price on Schrödinger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. KeyCorp increased their price objective on shares of Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Schrödinger presently has an average rating of "Buy" and an average price target of $33.00.

Schrödinger Price Performance

NASDAQ SDGR traded up $0.52 during trading hours on Friday, hitting $25.40. The company's stock had a trading volume of 177,189 shares, compared to its average volume of 834,446. Schrödinger, Inc. has a 12 month low of $16.60 and a 12 month high of $28.47. The company's 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $21.50. The company has a market cap of $1.85 billion, a P/E ratio of -10.84 and a beta of 1.77.

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

Insiders Place Their Bets

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger 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 transaction, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. The trade was a 16.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen Akinsanya sold 16,723 shares of the company's stock in a transaction on Monday, April 14th. The stock was 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 directly owns 15,625 shares of the company's stock, valued at $392,031.25. This represents a 51.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

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.