Schrödinger Target of Unusually Large Options Trading (NASDAQ:SDGR)

Schrödinger, Inc. (NASDAQ:SDGR) saw some unusual options trading activity on Wednesday. Investors bought 2,436 call options on the company. This represents an increase of 257% compared to the typical daily volume of 683 call options.

Institutional Trading of Schrödinger

Several large investors have recently modified their holdings of SDGR. KBC Group NV raised its holdings in Schrödinger by 45.4% in the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares in the last quarter. GAMMA Investing LLC increased its position in Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock valued at $54,000 after acquiring an additional 1,305 shares during the last quarter. Quarry LP boosted its holdings in shares of 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 buying an additional 2,599 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Schrödinger during the third quarter valued at about $102,000. Finally, Point72 DIFC Ltd purchased a new stake in Schrödinger in the 3rd quarter worth approximately $151,000. 79.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Schrödinger Trading Up 14.1 %

Shares of Schrödinger stock opened at $24.34 on Thursday. The business’s 50-day moving average price is $20.50 and its 200-day moving average price is $20.03. The firm has a market capitalization of $1.77 billion, a PE ratio of -10.40 and a beta of 1.59. Schrödinger has a 12 month low of $16.67 and a 12 month high of $33.63.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.52) EPS 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 business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the previous year, the business earned ($0.86) EPS. Schrödinger’s revenue for the quarter was down 17.1% compared to the same quarter last year. As a group, analysts predict that Schrödinger will post -2.29 earnings per share for the current fiscal 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.