Geode Capital Management LLC Increases Position in Schrodinger, Inc. $SDGR

Geode Capital Management LLC lifted its position in Schrodinger, Inc. (NASDAQ:SDGR) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,362,605 shares of the company’s stock after acquiring an additional 18,156 shares during the period. Geode Capital Management LLC owned 1.86% of Schrodinger worth $27,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its stake in Schrodinger by 347.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock valued at $26,000 after purchasing an additional 997 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Schrodinger during the second quarter worth about $30,000. PNC Financial Services Group Inc. lifted its holdings in shares of Schrodinger by 29.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the company’s stock worth $58,000 after purchasing an additional 680 shares during the period. Stephens Inc. AR purchased a new stake in Schrodinger in the second quarter valued at approximately $200,000. Finally, Federated Hermes Inc. increased its holdings in Schrodinger by 100.0% in the 1st quarter. Federated Hermes Inc. now owns 10,000 shares of the company’s stock worth $197,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 79.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Schrodinger in a research note on Tuesday, October 14th. Wall Street Zen upgraded shares of Schrodinger from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Morgan Stanley cut their price target on Schrodinger from $28.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Monday, August 18th. KeyCorp reduced their price objective on Schrodinger from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Finally, Barclays began coverage on Schrodinger in a research note on Thursday, August 14th. They issued an “overweight” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Schrodinger has a consensus rating of “Hold” and a consensus price target of $26.00.

Schrodinger Stock Performance

SDGR opened at $17.59 on Friday. The company has a fifty day moving average of $19.45 and a two-hundred day moving average of $20.42. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -7.30 and a beta of 1.77. Schrodinger, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $28.47.

Schrodinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, November 5th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.27. The firm had revenue of $54.32 million for the quarter, compared to analysts’ expectations of $50.51 million. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The company’s quarterly revenue was up 53.9% on a year-over-year basis. During the same period last year, the firm earned ($0.87) EPS. Schrodinger has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Insider Buying and Selling at Schrodinger

In other news, insider Margaret Dugan sold 1,395 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $21.07, for a total transaction of $29,392.65. Following the transaction, the insider owned 24,574 shares in the company, valued at $517,774.18. This trade represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 21.00% of the stock is currently owned by insiders.

About Schrodinger

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.