Vanguard Group Inc. Lowers Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

Vanguard Group Inc. lessened its holdings in Schrödinger, Inc. (NASDAQ:SDGR - Free Report) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,612,390 shares of the company's stock after selling 95,127 shares during the period. Vanguard Group Inc. owned about 9.08% of Schrödinger worth $127,553,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Schrödinger by 60.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company's stock worth $67,718,000 after buying 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 worth $47,499,000 after purchasing an additional 1,283,949 shares during the last quarter. State Street Corp boosted its position in Schrödinger by 1.8% during the third quarter. State Street Corp now owns 2,155,620 shares of the company's stock valued at $39,987,000 after purchasing an additional 38,972 shares in the last quarter. Stephens Investment Management Group LLC grew its stake in 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 purchasing an additional 67,786 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Schrödinger by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company's stock worth $24,476,000 after purchasing an additional 24,114 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

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Insider Activity

In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now owns 27,544 shares in the company, valued at $599,357.44. This represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.60% of the company's stock.

Schrödinger Price Performance

NASDAQ:SDGR traded up $5.27 during trading hours on Friday, hitting $24.49. 4,026,826 shares of the company were exchanged, compared to its average volume of 794,795. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of -10.47 and a beta of 1.77. The company's 50 day moving average price is $21.98 and its 200-day moving average price is $20.76.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Schrödinger from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Piper Sandler lowered their target price 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Schrödinger presently has a consensus rating of "Buy" and a consensus target price of $32.29.

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.