Motley Fool Asset Management LLC Boosts Stock Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Spire Wealth Management boosted its stake in shares of Schrödinger by 66.7% during the third quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock valued at $28,000 after purchasing an additional 400 shares during the period. International Assets Investment Management LLC grew its holdings in Schrödinger by 3,480.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,790 shares of the company’s stock worth $64,000 after acquiring an additional 1,740 shares during the last quarter. National Bank of Canada FI increased its position in shares of Schrödinger by 260.0% in the third quarter. National Bank of Canada FI now owns 1,800 shares of the company’s stock valued at $49,000 after acquiring an additional 1,300 shares during the period. GAMMA Investing LLC bought a new position in shares of Schrödinger during the fourth quarter valued at about $67,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Schrödinger by 34.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the company’s stock valued at $152,000 after acquiring an additional 1,076 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reduced their price target on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. Craig Hallum reduced their target price on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, January 19th. Piper Sandler cut their price target on shares of Schrödinger from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. Bank of America decreased their price objective on shares of Schrödinger from $38.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Finally, TD Cowen assumed coverage on shares of Schrödinger in a research note on Friday, January 26th. They set an “outperform” rating and a $42.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Schrödinger Stock Up 2.7 %

Schrödinger stock traded up $0.63 during trading hours on Friday, hitting $23.97. The stock had a trading volume of 710,860 shares, compared to its average volume of 847,914. Schrödinger, Inc. has a 12-month low of $20.76 and a 12-month high of $59.24. The stock has a market capitalization of $1.73 billion, a P/E ratio of 38.05 and a beta of 1.57. The stock’s 50-day moving average price is $26.77 and its 200-day moving average price is $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, topping the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The firm had revenue of $74.10 million during the quarter, compared to analysts’ expectations of $79.12 million. During the same quarter in the previous year, the business earned ($0.39) earnings per share. The company’s revenue was up 30.5% on a year-over-year basis. On average, research analysts expect that Schrödinger, Inc. will post -2.73 EPS for the current fiscal year.

Insider Buying and Selling at Schrödinger

In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $27.55, for a total value of $33,197.75. Following the completion of the sale, the insider now owns 9,340 shares in the company, valued at $257,317. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Schrödinger news, insider Robert Lorne Abel sold 1,205 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $27.55, for a total transaction of $33,197.75. Following the completion of the transaction, the insider now owns 9,340 shares in the company, valued at $257,317. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Kenneth Patrick Lorton sold 901 shares of the firm’s 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 directly 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. Insiders sold a total of 3,651 shares of company stock worth $102,395 in the last three months. 7.60% of the stock is currently owned by company insiders.

Schrödinger 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.