Stephens Investment Management Group LLC Boosts Holdings in Schrodinger, Inc. $SDGR

Stephens Investment Management Group LLC increased its holdings in Schrodinger, Inc. (NASDAQ:SDGR) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,250,098 shares of the company’s stock after buying an additional 57,064 shares during the quarter. Stephens Investment Management Group LLC owned 3.05% of Schrodinger worth $40,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SDGR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Schrodinger by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,055 shares of the company’s stock worth $653,000 after buying an additional 1,412 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Schrodinger by 75.2% during the second quarter. Cetera Investment Advisers now owns 29,973 shares of the company’s stock valued at $603,000 after buying an additional 12,868 shares during the last quarter. Norges Bank bought a new stake in shares of Schrodinger during the second quarter valued at approximately $311,000. Invesco Ltd. raised its position in shares of Schrodinger by 15.6% during the second quarter. Invesco Ltd. now owns 155,895 shares of the company’s stock valued at $3,137,000 after buying an additional 21,039 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Schrodinger during the second quarter valued at approximately $1,227,000. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Schrodinger Stock Performance

Shares of SDGR opened at $11.95 on Friday. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $27.63. The stock has a market capitalization of $882.15 million, a PE ratio of -8.48 and a beta of 1.57. The company’s fifty day moving average is $12.12 and its 200 day moving average is $14.98.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data 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). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The firm had revenue of $58.59 million for the quarter, compared to the consensus estimate of $47.57 million. During the same quarter last year, the firm earned ($0.82) EPS. The company’s revenue was down 1.6% on a year-over-year basis. As a group, research analysts forecast that Schrodinger, Inc. will post -1.63 earnings per share for the current year.

Insiders Place Their Bets

In other Schrodinger news, CEO Ramy Farid sold 43,000 shares of the business’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $12.33, for a total transaction of $530,190.00. Following the transaction, the chief executive officer owned 330,824 shares in the company, valued at $4,079,059.92. The trade was a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 55,501 shares of company stock worth $691,160 in the last quarter. Insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

SDGR has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday. UBS Group reduced their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. KeyCorp reduced their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Wall Street Zen cut shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.25.

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.