OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,402 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Schrödinger, Inc. (NASDAQ:SDGR) by 19.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,914 shares of the company’s stock after selling 11,402 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Schrödinger were worth $905,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SDGR. Paradigm Asset Management Co. LLC acquired a new stake in shares of Schrödinger in the 4th quarter valued at approximately $50,000. GAMMA Investing LLC lifted its stake in Schrödinger by 87.5% in the 4th quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after purchasing an additional 1,305 shares during the last quarter. KBC Group NV boosted its position in Schrödinger by 73.9% in the fourth quarter. KBC Group NV now owns 4,361 shares of the company’s stock valued at $84,000 after buying an additional 1,853 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Schrödinger during the fourth quarter worth $199,000. Finally, Bayesian Capital Management LP bought a new stake in shares of Schrödinger during the fourth quarter worth $199,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Stock Performance

Shares of NASDAQ SDGR opened at $23.76 on Wednesday. The firm has a 50 day moving average price of $22.73 and a two-hundred day moving average price of $21.88. The stock has a market cap of $1.74 billion, a P/E ratio of -10.15 and a beta of 1.84. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.81) by ($0.01). The company had revenue of $59.55 million during the quarter, compared to analyst estimates of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.86) earnings per share. Analysts predict that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the sale, the chief financial officer now directly owns 27,544 shares of the company’s stock, valued at approximately $599,357.44. This represents a 16.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction of $419,580.07. Following the sale, the insider now owns 15,625 shares of the company’s stock, valued at approximately $392,031.25. This trade represents a 51.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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 dropped their target price on Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Schrödinger presently has a consensus rating of “Buy” and a consensus price target of $32.80.

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.