Schrödinger, Inc. (NASDAQ:SDGR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp raised its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 12.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 27,541 shares of the company’s stock after buying an additional 3,020 shares during the period. Stifel Financial Corp’s holdings in Schrödinger were worth $511,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SDGR. KBC Group NV boosted its holdings in shares of Schrödinger by 45.4% in the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares in the last quarter. Quarry LP lifted its position in Schrödinger by 1,150.0% in the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after purchasing an additional 2,599 shares during the period. nVerses Capital LLC acquired a new stake in Schrödinger in the second quarter worth approximately $66,000. Quest Partners LLC boosted its stake in Schrödinger by 1,005.6% during the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock valued at $88,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Schrödinger during the 3rd quarter valued at $102,000. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insider Transactions at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the sale, the insider now owns 13,469 shares in the company, valued at $239,478.82. This represents a 10.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upped their price objective on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.90.

Schrödinger Stock Up 2.9 %

Shares of NASDAQ SDGR opened at $20.30 on Friday. The stock’s fifty day simple moving average is $19.98 and its 200 day simple moving average is $20.00. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of -8.68 and a beta of 1.56. Schrödinger, Inc. has a 52-week low of $16.67 and a 52-week high of $38.00.

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