Motley Fool Asset Management LLC Purchases 2,565 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Motley Fool Asset Management LLC grew its holdings in Schrödinger, Inc. (NASDAQ:SDGR) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,967 shares of the company’s stock after purchasing an additional 2,565 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Schrödinger were worth $1,144,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. ARK Investment Management LLC grew its position in shares of Schrödinger by 7.7% in the 4th quarter. ARK Investment Management LLC now owns 3,053,521 shares of the company’s stock valued at $109,316,000 after purchasing an additional 217,618 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Schrödinger by 60.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,300,750 shares of the company’s stock worth $82,367,000 after buying an additional 865,867 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Schrödinger during the third quarter worth about $905,000. TrueMark Investments LLC acquired a new stake in Schrödinger in the 4th quarter valued at approximately $1,469,000. Finally, Avidity Partners Management LP lifted its stake in Schrödinger by 45.1% in the 3rd quarter. Avidity Partners Management LP now owns 399,000 shares of the company’s stock valued at $11,280,000 after acquiring an additional 124,100 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insider Transactions at Schrödinger

In related news, COO Kenneth Patrick Lorton sold 901 shares of the company’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 transaction, the chief operating officer now owns 36,487 shares in the company, valued at approximately $1,032,217.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Robert Lorne Abel sold 1,205 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $27.55, for a total value of $33,197.75. Following the transaction, the insider now directly owns 9,340 shares in the company, valued at $257,317. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 owns 36,487 shares of the company’s stock, valued at approximately $1,032,217.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,651 shares of company stock worth $102,395. 7.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SDGR shares. Craig Hallum lowered their price objective on shares of Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 19th. The Goldman Sachs Group cut their price target on shares of Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 1st. TD Cowen assumed coverage on Schrödinger in a report on Friday, January 26th. They issued an “outperform” rating and a $42.00 price objective for the company. Piper Sandler lowered their target price 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 reduced 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 analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.50.

Schrödinger Trading Up 2.7 %

NASDAQ:SDGR traded up $0.63 on Friday, hitting $23.97. The company’s stock had a trading volume of 710,860 shares, compared to its average volume of 847,914. Schrödinger, Inc. has a one year low of $20.76 and a one year high of $59.24. The firm has a market capitalization of $1.73 billion, a P/E ratio of 38.05 and a beta of 1.57. The stock has a fifty day moving average of $26.77 and a two-hundred day moving average of $28.26.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The business had revenue of $74.10 million for the quarter, compared to analysts’ expectations of $79.12 million. During the same quarter in the prior year, the business earned ($0.39) EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Schrödinger, Inc. will post -2.73 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.