Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 41,315 shares of the company's stock after selling 16,296 shares during the period. LPL Financial LLC owned about 0.06% of Schrödinger worth $797,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SDGR. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Schrödinger by 60.2% during 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 acquiring an additional 1,319,464 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in shares of Schrödinger by 108.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company's stock valued at $47,499,000 after buying an additional 1,283,949 shares in the last quarter. Barclays PLC increased its stake in Schrödinger by 421.6% in the 3rd quarter. Barclays PLC now owns 107,554 shares of the company's stock worth $1,995,000 after buying an additional 86,933 shares in the last quarter. Monaco Asset Management SAM bought a new stake in Schrödinger during the fourth quarter valued at about $1,543,000. Finally, Stephens Investment Management Group LLC lifted its position in shares of Schrödinger by 4.4% in the fourth quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company's stock valued at $31,012,000 after acquiring an additional 67,786 shares in the last quarter. Hedge funds and other institutional investors own 79.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SDGR. KeyCorp increased their price target on Schrödinger from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Piper Sandler decreased their price objective on shares of Schrödinger from $50.00 to $45.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $33.00.

Insiders Place Their Bets

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of Schrödinger stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,544 shares of the company's stock, 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 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 transaction, the insider now 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 currently owned by corporate insiders.

Schrödinger Trading Up 1.0 %

Shares of SDGR stock traded up $0.26 during trading hours on Friday, reaching $26.39. 530,559 shares of the company's stock were exchanged, compared to its average volume of 835,217. The stock's 50 day moving average is $22.13 and its 200-day moving average is $21.21. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -11.30 and a beta of 1.77.

Schrödinger (NASDAQ:SDGR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.55) earnings per share (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 return on equity of 35.77% and a negative net margin of 91.84%. Equities analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current 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.