KBC Group NV Purchases 783 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

KBC Group NV increased its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 45.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,508 shares of the company’s stock after acquiring an additional 783 shares during the quarter. KBC Group NV’s holdings in Schrödinger were worth $47,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Schrödinger by 0.5% during the first quarter. Vanguard Group Inc. now owns 6,809,024 shares of the company’s stock worth $183,844,000 after acquiring an additional 32,393 shares in the last quarter. Rubric Capital Management LP increased its stake in Schrödinger by 213.5% during the 2nd quarter. Rubric Capital Management LP now owns 3,130,000 shares of the company’s stock worth $60,534,000 after purchasing an additional 2,131,724 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Schrödinger by 1.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,191,054 shares of the company’s stock worth $40,644,000 after buying an additional 29,920 shares during the period. Stephens Investment Management Group LLC lifted its position in Schrödinger by 39.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock valued at $28,565,000 after acquiring an additional 436,789 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Schrödinger by 53.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,228,123 shares of the company’s stock worth $23,752,000 after purchasing an additional 427,594 shares during the period. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of the company’s 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 completion of the transaction, the insider now owns 13,469 shares of the company’s stock, valued at $239,478.82. This represents a 10.21 % decrease in their position. The sale 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 corporate insiders.

Schrödinger Stock Up 2.3 %

Shares of Schrödinger stock opened at $20.84 on Friday. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $38.00. The company has a 50-day simple moving average of $18.63 and a two-hundred day simple moving average of $20.20. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -8.91 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR) last issued 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). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.84%. The firm had revenue of $35.30 million for the quarter, compared to the consensus estimate of $41.25 million. During the same period last year, the company posted ($0.86) EPS. The business’s revenue was down 17.1% on a year-over-year basis. On average, sell-side analysts anticipate that Schrödinger, Inc. will post -2.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SDGR has been the topic of several recent research reports. BMO Capital Markets lifted their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Morgan Stanley lowered their price objective on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.90.

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.