Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in Schrödinger, Inc. (NASDAQ:SDGR) by 12.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 178,130 shares of the company’s stock after selling 25,456 shares during the period. Russell Investments Group Ltd.’s holdings in Schrödinger were worth $6,377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SDGR. GAMMA Investing LLC purchased a new position in shares of Schrödinger in the 4th quarter worth about $67,000. ARK Investment Management LLC increased its position in Schrödinger by 7.7% during the 4th quarter. ARK Investment Management LLC now owns 3,053,521 shares of the company’s stock worth $109,316,000 after purchasing an additional 217,618 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Schrödinger by 60.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,300,750 shares of the company’s stock valued at $82,367,000 after buying an additional 865,867 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Schrödinger during the third quarter valued at approximately $905,000. Finally, TrueMark Investments LLC acquired a new position in Schrödinger during the fourth quarter valued at approximately $1,469,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SDGR shares. Citigroup cut their target price on shares of Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. KeyCorp reduced their price objective on Schrödinger from $38.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. TD Cowen started coverage on Schrödinger in a research note on Friday, January 26th. They issued an “outperform” rating and a $42.00 target price for the company. Piper Sandler reduced their price target on Schrödinger from $60.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Finally, Bank of America lowered their price objective on shares of 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Insider Transactions at Schrödinger

In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of the company’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 transaction of $25,489.29. Following the sale, the chief operating officer now owns 36,487 shares in the company, valued at $1,032,217.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Schrödinger news, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction on Monday, February 12th. The shares were 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 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 can be accessed through the SEC website. Also, insider Robert Lorne Abel sold 1,205 shares of the stock in a transaction 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 directly owns 9,340 shares in the company, valued at $257,317. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,651 shares of company stock valued at $102,395. Insiders own 7.60% of the company’s stock.

Schrödinger Trading Down 2.1 %

SDGR stock opened at $23.22 on Thursday. The firm has a 50 day simple moving average of $25.59 and a 200-day simple moving average of $28.27. The company has a market capitalization of $1.68 billion, a P/E ratio of -12.35 and a beta of 1.58. Schrödinger, Inc. has a twelve month low of $20.76 and a twelve month high of $59.24.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. The firm had revenue of $74.10 million for the quarter, compared to the consensus estimate of $79.12 million. Schrödinger had a negative net margin of 75.94% and a negative return on equity of 29.25%. 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 posted ($0.39) EPS. On average, research analysts predict that Schrödinger, Inc. will post -2.7 EPS for the current year.

Schrödinger Company 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.