Nano Cap New Millennium Growth Fund L P Buys New Position in Schrodinger, Inc. $SDGR

Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 50,000 shares of the company’s stock, valued at approximately $894,000. Nano Cap New Millennium Growth Fund L P owned approximately 0.07% of Schrodinger as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Schrodinger by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 6,464,426 shares of the company’s stock valued at $115,584,000 after buying an additional 125,349 shares in the last quarter. Rubric Capital Management LP boosted its stake in Schrodinger by 5.4% during the third quarter. Rubric Capital Management LP now owns 5,268,817 shares of the company’s stock valued at $105,692,000 after buying an additional 268,817 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Schrodinger by 3.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,714,767 shares of the company’s stock valued at $84,300,000 after buying an additional 160,198 shares in the last quarter. Amova Asset Management Americas Inc. boosted its stake in Schrodinger by 1.8% during the third quarter. Amova Asset Management Americas Inc. now owns 2,638,935 shares of the company’s stock valued at $52,937,000 after buying an additional 47,443 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Schrodinger by 65.3% during the third quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock valued at $47,070,000 after buying an additional 927,234 shares in the last quarter. Institutional investors own 79.05% of the company’s stock.

Insider Activity at Schrodinger

In other news, CEO Ramy Farid sold 43,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $4,079,059.92. This represents a 11.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,501 shares of company stock worth $691,160 over the last three months. Corporate insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen cut Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. UBS Group decreased their target price on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. KeyCorp decreased their target price on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, Morgan Stanley reduced their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Schrodinger presently has an average rating of “Hold” and a consensus target price of $20.25.

Schrodinger Stock Up 7.4%

Shares of NASDAQ SDGR opened at $13.23 on Friday. Schrodinger, Inc. has a 12 month low of $10.94 and a 12 month high of $27.63. The company has a market cap of $976.64 million, a price-to-earnings ratio of -9.38 and a beta of 1.57. The business has a fifty day simple moving average of $12.08 and a 200-day simple moving average of $14.68.

Schrodinger (NASDAQ:SDGR) last announced its earnings results on Tuesday, May 5th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.25). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The company had revenue of $58.59 million for the quarter, compared to analysts’ expectations of $47.57 million. During the same period in the prior year, the company earned ($0.82) earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.