Quest Partners LLC increased its position in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 861.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,773 shares of the company's stock after buying an additional 39,218 shares during the period. Quest Partners LLC owned 0.06% of Schrödinger worth $812,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. KBC Group NV boosted its stake in Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company's stock valued at $47,000 after purchasing an additional 783 shares during the last quarter. Pier 88 Investment Partners LLC boosted its stake in Schrödinger by 83.6% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 77,130 shares of the company's stock valued at $1,431,000 after purchasing an additional 35,120 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Schrödinger by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company's stock valued at $40,644,000 after purchasing an additional 29,920 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Schrödinger by 5.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company's stock valued at $242,000 after purchasing an additional 622 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position 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 in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
Schrödinger Stock Performance
SDGR stock traded up $0.47 during midday trading on Friday, reaching $20.84. 623,379 shares of the company's stock traded hands, compared to its average volume of 760,084. The company has a 50-day moving average price of $18.63 and a two-hundred day moving average price of $20.22. The firm has a market capitalization of $1.52 billion, a PE ratio of -8.91 and a beta of 1.50. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $38.00.
Schrödinger (NASDAQ:SDGR - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) EPS for the quarter, missing analysts' consensus estimates of ($0.40) by ($0.12). The firm had revenue of $35.30 million for the quarter, compared to analysts' expectations of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm's revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.86) earnings per share. As a group, analysts predict that Schrödinger, Inc. will post -2.29 EPS for the current fiscal year.
Insider Activity
In related news, insider Margaret Dugan sold 1,531 shares of the company's 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 transaction, the insider now directly owns 13,469 shares in the company, valued at approximately $239,478.82. The trade was a 10.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.60% of the company's stock.
Analysts Set New Price Targets
SDGR has been the topic of several recent analyst reports. Morgan Stanley dropped their target price on shares of Schrödinger from $43.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 21st. BMO Capital Markets lifted their target price on shares of Schrödinger from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Schrödinger has an average rating of "Moderate Buy" and a consensus price target of $32.90.
View Our Latest Research Report on Schrödinger
Schrödinger Company Profile
(
Free Report)
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.
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