Schrödinger, Inc. (NASDAQ:SDGR) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 39.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,539,870 shares of the company's stock after acquiring an additional 436,789 shares during the period. Stephens Investment Management Group LLC owned approximately 2.12% of Schrödinger worth $28,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in shares of Schrödinger by 186.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,127 shares of the company's stock worth $76,000 after acquiring an additional 1,385 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Schrödinger by 0.4% during the 1st quarter. Baillie Gifford & Co. now owns 2,612,007 shares of the company's stock worth $70,524,000 after purchasing an additional 9,618 shares during the period. GSA Capital Partners LLP raised its position in Schrödinger by 127.7% in the 1st quarter. GSA Capital Partners LLP now owns 39,604 shares of the company's stock valued at $1,069,000 after purchasing an additional 22,210 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Schrödinger by 70.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 37,126 shares of the company's stock valued at $1,002,000 after buying an additional 15,310 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Schrödinger by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 47,869 shares of the company's stock worth $1,292,000 after buying an additional 626 shares in the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Price Performance

SDGR stock traded up $0.39 on Friday, hitting $17.99. 626,961 shares of the company were exchanged, compared to its average volume of 741,232. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -6.46 and a beta of 1.50. The business's fifty day moving average is $18.99 and its two-hundred day moving average is $20.77. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $38.00.

Schrödinger (NASDAQ:SDGR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.74) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.85) by $0.11. Schrödinger had a negative return on equity of 38.38% and a negative net margin of 100.42%. The business had revenue of $47.33 million during the quarter, compared to analysts' expectations of $40.19 million. Equities research analysts expect that Schrödinger, Inc. will post -2.19 earnings per share for the current year.

Insider Activity at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the sale, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

SDGR has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on Schrödinger from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Thursday, October 17th. Morgan Stanley decreased their target price 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. Finally, KeyCorp dropped their price target on shares of Schrödinger from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

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.