Fmr LLC Sells 8,037 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Fmr LLC decreased its position in Schrödinger, Inc. (NASDAQ:SDGR) by 1.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 835,145 shares of the company’s stock after selling 8,037 shares during the quarter. Fmr LLC’s holdings in Schrödinger were worth $15,492,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Rubric Capital Management LP grew its position in Schrödinger by 213.5% during the second quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company’s stock valued at $60,534,000 after buying an additional 2,131,724 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in Schrödinger by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock valued at $40,644,000 after buying an additional 29,920 shares during the period. Massachusetts Financial Services Co. MA grew its position in Schrödinger by 58.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company’s stock valued at $36,083,000 after buying an additional 717,059 shares during the period. Stephens Investment Management Group LLC grew its position in Schrödinger by 39.6% during the third quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after buying an additional 436,789 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Schrödinger by 7.5% during the second quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock valued at $9,679,000 after buying an additional 35,036 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

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

Schrödinger Trading Up 2.0 %

Shares of Schrödinger stock opened at $22.11 on Wednesday. Schrödinger, Inc. has a 12-month low of $16.67 and a 12-month high of $38.00. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -9.45 and a beta of 1.56. The company’s 50-day moving average price is $19.29 and its 200-day moving average price is $20.11.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.86) earnings per share. On average, sell-side analysts predict that Schrödinger, Inc. will post -2.29 earnings per share for the current year.

Insider Activity at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the sale, the insider now directly owns 13,469 shares of the company’s stock, valued at $239,478.82. This trade represents a 10.21 % decrease in their ownership of the stock. The sale 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 insiders.

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.