American Century Companies Inc. Purchases 24,578 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

American Century Companies Inc. raised its position in shares of Schrödinger, Inc. (NASDAQ:SDGRFree Report) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,987 shares of the company’s stock after purchasing an additional 24,578 shares during the period. American Century Companies Inc. owned about 0.39% of Schrödinger worth $7,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Arete Wealth Advisors LLC purchased a new position in Schrödinger during the 1st quarter worth $25,000. Creative Planning acquired a new position in Schrödinger in the 3rd quarter worth about $27,000. Spire Wealth Management raised its holdings in Schrödinger by 66.7% in the 3rd 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. PNC Financial Services Group Inc. raised its holdings in Schrödinger by 1,676.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 888 shares of the company’s stock worth $44,000 after purchasing an additional 838 shares during the period. Finally, National Bank of Canada FI raised its holdings in Schrödinger by 260.0% in the 3rd quarter. National Bank of Canada FI now owns 1,800 shares of the company’s stock worth $49,000 after purchasing an additional 1,300 shares during the period. 79.05% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of Schrödinger stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.29, for a total transaction of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at approximately $1,032,217.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of Schrödinger stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $27.55, for a total transaction of $33,197.75. Following the completion of the sale, the insider now directly owns 9,340 shares of the company’s stock, valued at approximately $257,317. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.29, for a total value of $25,489.29. Following the completion of the sale, the chief operating officer now directly owns 36,487 shares of the company’s stock, valued at $1,032,217.23. The disclosure for this sale can be found here. Insiders sold 3,651 shares of company stock valued at $102,395 in the last ninety days. Insiders own 7.60% of the company’s stock.

Schrödinger Stock Performance

Shares of Schrödinger stock opened at $25.51 on Tuesday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 40.49 and a beta of 1.57. Schrödinger, Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $59.24. The stock has a 50 day moving average of $27.56 and a 200 day moving average of $28.94.

Schrödinger (NASDAQ:SDGRGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.12. The company had revenue of $74.10 million for the quarter, compared to analysts’ expectations of $79.12 million. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The firm’s revenue was up 30.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.39) earnings per share. Analysts forecast that Schrödinger, Inc. will post -2.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Citigroup reduced their price target on Schrödinger from $47.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Craig Hallum reduced their target price on Schrödinger from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, January 19th. KeyCorp reduced their target price on Schrödinger from $38.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, February 29th. The Goldman Sachs Group reduced their target price on Schrödinger from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, March 1st. Finally, Bank of America dropped their price target on Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, February 29th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Get Our Latest Stock Analysis on Schrödinger

Schrödinger Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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