Vanguard Group Inc. Has $115.58 Million Holdings in Schrodinger, Inc. $SDGR

Vanguard Group Inc. lifted its position in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,464,426 shares of the company’s stock after buying an additional 125,349 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Schrodinger worth $115,584,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Amalgamated Bank grew its holdings in Schrodinger by 3.9% in the third quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock worth $329,000 after purchasing an additional 623 shares during the period. Stephens Inc. AR lifted its stake in shares of Schrodinger by 9.5% in the third quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock valued at $219,000 after buying an additional 944 shares in the last quarter. Quarry LP lifted its stake in shares of Schrodinger by 73.6% in the third quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after buying an additional 1,018 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Schrodinger by 110.4% in the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after buying an additional 1,116 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of Schrodinger by 212.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after buying an additional 1,321 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. KeyCorp dropped their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.50.

Schrodinger Trading Down 0.2%

Schrodinger stock opened at $12.69 on Wednesday. The firm’s 50 day simple moving average is $12.13 and its 200 day simple moving average is $15.13. The firm has a market capitalization of $936.78 million, a PE ratio of -9.00 and a beta of 1.57. Schrodinger, Inc. has a 1-year low of $10.94 and a 1-year high of $27.63.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). The firm had revenue of $58.59 million for the quarter, compared to the consensus estimate of $47.57 million. Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company posted ($0.82) EPS. Research analysts forecast that Schrodinger, Inc. will post -1.26 earnings per share for the current year.

Insider Transactions at Schrodinger

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of Schrodinger stock in a transaction dated 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 owned 330,824 shares of the company’s stock, valued at $4,079,059.92. The trade was 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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,501 shares of company stock worth $691,160 over the last three months. Insiders own 10.10% of the company’s stock.

Schrodinger Company Profile

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.