280,202 Shares in Schrodinger, Inc. $SDGR Purchased by Tejara Capital Ltd

Tejara Capital Ltd acquired a new position in shares of Schrodinger, Inc. (NASDAQ:SDGR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 280,202 shares of the company’s stock, valued at approximately $4,553,000. Schrodinger comprises about 1.9% of Tejara Capital Ltd’s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also modified their holdings of SDGR. Tocqueville Asset Management L.P. bought a new position in shares of Schrodinger during the 2nd quarter valued at approximately $502,000. BlackRock Inc. bought a new stake in Schrodinger in the second quarter worth $170,978,000. Deutsche Bank AG purchased a new position in Schrodinger during the second quarter worth $1,013,000. Bank of New York Mellon Corp purchased a new position in Schrodinger during the second quarter worth $4,986,000. Finally, GAMMA Investing LLC increased its position in Schrodinger by 30.2% during the second quarter. GAMMA Investing LLC now owns 13,581 shares of the company’s stock valued at $221,000 after acquiring an additional 3,147 shares during the last quarter. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SDGR has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Schrodinger from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, August 12th. UBS Group initiated coverage on shares of Schrodinger in a research report on Friday, August 14th. They issued a “neutral” rating and a $19.00 price objective on the stock. Wall Street Zen raised shares of Schrodinger from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley dropped their target price on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.50.

Schrodinger Stock Down 1.4%

SDGR stock opened at $19.58 on Friday. Schrodinger, Inc. has a twelve month low of $10.94 and a twelve month high of $23.02. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -26.46 and a beta of 1.63. The business’s fifty day simple moving average is $16.35 and its two-hundred day simple moving average is $13.89.

Schrodinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.49. The firm had revenue of $58.89 million during the quarter, compared to analyst estimates of $47.19 million. Schrodinger had a negative net margin of 20.98% and a negative return on equity of 16.37%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.65) earnings per share. Research analysts expect that Schrodinger, Inc. will post -1.89 EPS for the current 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.