Schrödinger, Inc. (NASDAQ:SDGR) Stock Position Increased by Algert Global LLC

Algert Global LLC increased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 45.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,760 shares of the company's stock after acquiring an additional 39,540 shares during the period. Algert Global LLC owned approximately 0.17% of Schrödinger worth $2,351,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Rubric Capital Management LP grew its holdings in Schrödinger by 213.5% in the second quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company's stock valued at $60,534,000 after purchasing an additional 2,131,724 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Schrödinger by 58.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company's stock valued at $36,083,000 after purchasing an additional 717,059 shares during the last quarter. Millennium Management LLC grew its stake in shares of Schrödinger by 2,868.8% during the 2nd quarter. Millennium Management LLC now owns 487,831 shares of the company's stock valued at $9,435,000 after buying an additional 471,399 shares during the period. Stephens Investment Management Group LLC increased its holdings in shares of Schrödinger by 39.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company's stock worth $28,565,000 after buying an additional 436,789 shares during the last quarter. Finally, Foundations Investment Advisors LLC purchased a new position in shares of Schrödinger in the 2nd quarter worth $878,000. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Trading Up 2.6 %

Schrödinger stock traded up $0.55 during midday trading on Wednesday, hitting $22.01. The stock had a trading volume of 448,304 shares, compared to its average volume of 763,030. The business has a fifty day moving average price of $18.71 and a 200 day moving average price of $20.16. Schrödinger, Inc. has a 12 month low of $16.67 and a 12 month high of $38.00. The stock has a market cap of $1.60 billion, a P/E ratio of -9.43 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $35.30 million during the quarter, compared to the consensus estimate of $41.25 million. During the same quarter last year, the firm posted ($0.86) earnings per share. Schrödinger's revenue was down 17.1% compared to the same quarter last year. On average, equities analysts anticipate that Schrödinger, Inc. will post -2.29 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on SDGR shares. Morgan Stanley dropped their price target on Schrödinger from $43.00 to $30.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 21st. BMO Capital Markets raised their target price on Schrödinger from $25.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Schrödinger currently has an average rating of "Moderate Buy" and an average price target of $32.90.

Insider Buying and Selling at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total transaction of $27,221.18. Following the completion of the transaction, the insider now directly owns 13,469 shares of the company's stock, valued at approximately $239,478.82. This represents a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.