Schrödinger, Inc. (NASDAQ:SDGR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in Schrödinger, Inc. (NASDAQ:SDGRGet Rating) by 8.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 577,723 shares of the company’s stock after buying an additional 44,982 shares during the period. Allspring Global Investments Holdings LLC owned 0.81% of Schrödinger worth $14,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Schrödinger by 449.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,409,777 shares of the company’s stock worth $60,196,000 after purchasing an additional 1,971,292 shares in the last quarter. Aurora Investment Managers LLC. raised its holdings in Schrödinger by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 125,652 shares of the company’s stock worth $3,139,000 after purchasing an additional 1,084 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of Schrödinger by 548.9% during the third quarter. Stanley Laman Group Ltd. now owns 301,885 shares of the company’s stock worth $7,541,000 after acquiring an additional 255,362 shares during the last quarter. ARK Investment Management LLC grew its position in shares of Schrödinger by 27.5% during the third quarter. ARK Investment Management LLC now owns 3,764,707 shares of the company’s stock worth $94,042,000 after acquiring an additional 811,535 shares during the last quarter. Finally, Legal & General Group Plc grew its position in shares of Schrödinger by 34.4% during the second quarter. Legal & General Group Plc now owns 55,661 shares of the company’s stock worth $1,470,000 after acquiring an additional 14,243 shares during the last quarter. 68.70% of the stock is currently owned by institutional investors and hedge funds.

Schrödinger Stock Up 7.1 %

Shares of SDGR opened at $23.33 on Friday. The business’s 50 day moving average is $19.05 and its two-hundred day moving average is $24.76. Schrödinger, Inc. has a 52-week low of $15.85 and a 52-week high of $37.25. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -10.90 and a beta of 0.90.

Schrödinger (NASDAQ:SDGRGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.05. Schrödinger had a negative return on equity of 29.12% and a negative net margin of 89.67%. The company had revenue of $36.98 million for the quarter, compared to analyst estimates of $32.34 million. On average, equities analysts expect that Schrödinger, Inc. will post -2.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Schrödinger from $88.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Morgan Stanley lowered their target price on shares of Schrödinger from $39.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, November 4th. The Goldman Sachs Group initiated coverage on shares of Schrödinger in a research report on Monday, December 19th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Citigroup lowered their price objective on shares of Schrödinger from $55.00 to $48.00 in a research report on Friday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Schrödinger currently has an average rating of “Moderate Buy” and an average target price of $55.60.

Insider Buying and Selling at Schrödinger

In other Schrödinger news, CEO Ramy Farid sold 66,886 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $18.28, for a total value of $1,222,676.08. Following the transaction, the chief executive officer now directly owns 184,432 shares of the company’s stock, valued at approximately $3,371,416.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

Schrödinger Profile

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Schrödinger, Inc, together with its subsidiaries, provides physics-based software 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 selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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