Jane Street Group LLC Has $1.80 Million Holdings in Schrödinger, Inc. (NASDAQ:SDGR)

Jane Street Group LLC lowered its position in Schrödinger, Inc. (NASDAQ:SDGRFree Report) by 77.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 96,848 shares of the company’s stock after selling 329,675 shares during the period. Jane Street Group LLC owned 0.13% of Schrödinger worth $1,797,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rubric Capital Management LP boosted 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 acquiring an additional 2,131,724 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Schrödinger by 58.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company’s stock valued at $36,083,000 after purchasing an additional 717,059 shares during the period. Millennium Management LLC boosted its position in shares of Schrödinger by 2,868.8% during the 2nd quarter. Millennium Management LLC now owns 487,831 shares of the company’s stock valued at $9,435,000 after purchasing an additional 471,399 shares in the last quarter. Stephens Investment Management Group LLC grew its stake 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 worth $28,565,000 after purchasing an additional 436,789 shares during the period. Finally, Algert Global LLC grew its stake in Schrödinger by 246.0% during the second quarter. Algert Global LLC now owns 87,220 shares of the company’s stock worth $1,687,000 after purchasing an additional 62,010 shares during the period. 79.05% of the stock is owned by institutional investors.

Schrödinger Stock Down 0.2 %

Shares of SDGR opened at $19.73 on Thursday. The business’s fifty day moving average is $19.93 and its 200 day moving average is $20.00. The stock has a market cap of $1.44 billion, a P/E ratio of -8.43 and a beta of 1.56. Schrödinger, Inc. has a 12-month low of $16.67 and a 12-month high of $38.00.

Schrödinger (NASDAQ:SDGRGet Free Report) last released 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 company had revenue of $35.30 million for 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%. Schrödinger’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.86) EPS. On average, analysts expect that Schrödinger, Inc. will post -2.29 EPS for the current year.

Insider Buying and Selling

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total transaction of $27,221.18. Following the transaction, the insider now directly owns 13,469 shares of the company’s stock, valued at $239,478.82. The trade was a 10.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets increased their price target on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Schrödinger currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Check Out Our Latest Analysis on SDGR

About Schrödinger

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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