SG Americas Securities LLC Sells 3,467 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

SG Americas Securities LLC trimmed its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,413 shares of the company’s stock after selling 3,467 shares during the period. SG Americas Securities LLC’s holdings in Schrödinger were worth $259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Schrödinger by 45.4% in the 3rd quarter. KBC Group NV now owns 2,508 shares of the company’s stock valued at $47,000 after acquiring an additional 783 shares during the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 1,305 shares during the last quarter. Quarry LP grew its stake in Schrödinger by 1,150.0% in the third quarter. Quarry LP now owns 2,825 shares of the company’s stock valued at $52,000 after purchasing an additional 2,599 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Schrödinger during the third quarter worth $102,000. Finally, Point72 DIFC Ltd bought a new stake in Schrödinger in the third quarter valued at approximately $151,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SDGR. BMO Capital Markets raised their target price on shares of Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp boosted their price target on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Schrödinger Stock Down 1.0 %

NASDAQ SDGR opened at $25.89 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -11.06 and a beta of 1.61. The business’s fifty day moving average is $21.54 and its 200 day moving average is $20.28. Schrödinger, Inc. has a twelve month low of $16.67 and a twelve month high of $33.63.

Schrödinger (NASDAQ:SDGR) last released its quarterly 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 net margin of 91.84% and a negative return on equity of 35.77%. The company had revenue of $35.30 million during the quarter, compared to the consensus estimate of $41.25 million. During the same quarter last year, the firm posted ($0.86) EPS. The company’s quarterly revenue was down 17.1% on a year-over-year basis. On average, research analysts anticipate that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

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.