Everence Capital Management Inc. Purchases New Shares in Schrödinger, Inc. (NASDAQ:SDGR)

Everence Capital Management Inc. purchased a new stake in Schrödinger, Inc. (NASDAQ:SDGR) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,200 shares of the company’s stock, valued at approximately $222,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Schrödinger by 1,676.0% in the second quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock valued at $44,000 after buying an additional 838 shares during the last quarter. Creative Planning acquired a new stake in Schrödinger in the third quarter worth about $27,000. Spire Wealth Management increased its position in Schrödinger by 66.7% in the third quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock worth $28,000 after purchasing an additional 400 shares during the period. Stephens Inc. AR increased its position in Schrödinger by 304.0% in the second quarter. Stephens Inc. AR now owns 1,515 shares of the company’s stock worth $76,000 after purchasing an additional 1,140 shares during the period. Finally, International Assets Investment Management LLC increased its position in Schrödinger by 3,480.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,790 shares of the company’s stock worth $64,000 after purchasing an additional 1,740 shares during the period. 79.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SDGR shares. Bank of America lowered their price objective on Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Piper Sandler lowered their price objective on Schrödinger from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, February 29th. Craig Hallum lowered their price objective on Schrödinger from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, January 19th. Citigroup lowered their price objective on Schrödinger from $47.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. Finally, TD Cowen started coverage on Schrödinger in a research report on Friday, January 26th. They issued an “outperform” rating and a $42.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Schrödinger currently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Schrödinger Trading Down 0.2 %

Schrödinger stock opened at $24.29 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of 38.56 and a beta of 1.57. Schrödinger, Inc. has a 1 year low of $20.76 and a 1 year high of $59.24. The business has a 50-day moving average of $27.26 and a 200-day moving average of $28.37.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The business had revenue of $74.10 million during the quarter, compared to analyst estimates of $79.12 million. During the same period in the previous year, the firm earned ($0.39) EPS. Schrödinger’s quarterly revenue was up 30.5% compared to the same quarter last year. Research analysts anticipate that Schrödinger, Inc. will post -2.73 EPS for the current fiscal year.

Insider Activity at Schrödinger

In related news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the transaction, the chief operating officer now directly owns 36,487 shares in the company, valued at approximately $1,032,217.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the sale, the chief operating officer now owns 36,487 shares in the company, valued at approximately $1,032,217.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Lorne Abel sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the sale, the insider now owns 9,340 shares in the company, valued at approximately $257,317. The disclosure for this sale can be found here. In the last three months, insiders sold 3,651 shares of company stock worth $102,395. 7.60% of the stock is owned by company insiders.

About Schrödinger

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.