Schrödinger, Inc. (NASDAQ:SDGR) Shares Purchased by ARK Investment Management LLC

ARK Investment Management LLC increased its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,053,521 shares of the company’s stock after purchasing an additional 217,618 shares during the period. ARK Investment Management LLC’s holdings in Schrödinger were worth $109,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDGR. BlackRock Inc. grew its holdings in shares of Schrödinger by 118.4% during the second quarter. BlackRock Inc. now owns 8,438,927 shares of the company’s stock worth $421,271,000 after purchasing an additional 4,574,800 shares during the last quarter. Vanguard Group Inc. increased its position in Schrödinger by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,698,801 shares of the company’s stock worth $189,375,000 after buying an additional 28,981 shares during the period. State Street Corp lifted its stake in Schrödinger by 67.5% in the second quarter. State Street Corp now owns 1,994,120 shares of the company’s stock valued at $99,546,000 after buying an additional 803,310 shares during the last quarter. Baillie Gifford & Co. raised its position in Schrödinger by 54.2% in the 4th quarter. Baillie Gifford & Co. now owns 1,821,858 shares of the company’s stock valued at $34,051,000 after purchasing an additional 640,051 shares during the last quarter. Finally, FMR LLC boosted its stake in Schrödinger by 0.9% during the 3rd quarter. FMR LLC now owns 1,735,362 shares of the company’s stock worth $49,059,000 after purchasing an additional 16,149 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Trading Up 3.8 %

SDGR stock opened at $26.63 on Thursday. Schrödinger, Inc. has a 12-month low of $20.76 and a 12-month high of $59.24. The stock has a 50-day moving average price of $27.52 and a two-hundred day moving average price of $28.86. The company has a market cap of $1.93 billion, a PE ratio of 42.27 and a beta of 1.57.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Wednesday, February 28th. The company reported ($0.32) earnings per share for the quarter, topping 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 company had revenue of $74.10 million during the quarter, compared to the consensus estimate of $79.12 million. During the same quarter in the prior year, the business earned ($0.39) earnings per share. The company’s revenue was up 30.5% compared to the same quarter last year. Equities analysts forecast that Schrödinger, Inc. will post -2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SDGR shares. KeyCorp lowered their price target on Schrödinger from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Citigroup lowered their target price on Schrödinger from $47.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. The Goldman Sachs Group lowered their target price on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Piper Sandler decreased their price target on Schrödinger from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Finally, Craig Hallum decreased their price target on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Insider Buying and Selling

In related news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.29, for a total value of $25,489.29. Following the transaction, the chief operating officer now owns 36,487 shares in the company, valued at $1,032,217.23. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $27.55, for a total transaction of $33,197.75. Following the sale, the insider now owns 9,340 shares in the company, valued at $257,317. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kenneth Patrick Lorton sold 901 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,651 shares of company stock worth $102,395. 7.60% of the stock is currently owned by corporate insiders.

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.