Quest Partners LLC Purchases 39,218 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Quest Partners LLC boosted its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 861.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,773 shares of the company’s stock after acquiring an additional 39,218 shares during the quarter. Quest Partners LLC owned approximately 0.06% of Schrödinger worth $812,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of Schrödinger by 5.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock valued at $242,000 after acquiring an additional 622 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Schrödinger by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 27,800 shares of the company’s stock valued at $538,000 after purchasing an additional 700 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock valued at $41,000 after purchasing an additional 703 shares during the period. ProShare Advisors LLC lifted its stake in shares of Schrödinger by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,987 shares of the company’s stock worth $297,000 after buying an additional 753 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Schrödinger by 45.4% during the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after buying an additional 783 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the sale, the insider now owns 13,469 shares of the company’s stock, valued at $239,478.82. This trade represents a 10.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SDGR shares. BMO Capital Markets boosted their price objective on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Morgan Stanley reduced their price objective on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Schrödinger presently has a consensus rating of “Moderate Buy” and an average target price of $32.90.

Schrödinger Trading Up 6.3 %

Shares of Schrödinger stock opened at $20.39 on Friday. The stock’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $20.25. The company has a market capitalization of $1.48 billion, a PE ratio of -8.71 and a beta of 1.50. Schrödinger, Inc. has a 12 month low of $16.67 and a 12 month high of $38.00.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same quarter last year, the firm earned ($0.86) EPS. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. Analysts predict that Schrödinger, Inc. will post -2.29 EPS for the current fiscal year.

About Schrödinger

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.