Swiss National Bank Has $2.41 Million Stock Position in Schrödinger, Inc. (NASDAQ:SDGR)

Swiss National Bank boosted its position in Schrödinger, Inc. (NASDAQ:SDGR) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 125,100 shares of the company’s stock after acquiring an additional 1,500 shares during the quarter. Swiss National Bank’s holdings in Schrödinger were worth $2,413,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SDGR. Intech Investment Management LLC acquired a new position in shares of Schrödinger during the third quarter worth approximately $319,000. Charles Schwab Investment Management Inc. raised its stake in shares of Schrödinger by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,513 shares of the company’s stock worth $9,247,000 after purchasing an additional 19,436 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Schrödinger in the third quarter valued at approximately $298,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Schrödinger during the third quarter worth $102,000. Finally, Holocene Advisors LP purchased a new stake in Schrödinger in the 3rd quarter valued at $239,000. 79.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $21.76, for a total value of $119,484.16. Following the transaction, the chief financial officer now owns 27,544 shares in the company, valued at approximately $599,357.44. This trade represents a 16.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SDGR. KeyCorp increased their target price on shares of Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler cut their price objective on Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $32.29.

Schrödinger Stock Down 1.7 %

NASDAQ SDGR opened at $20.26 on Friday. The company has a market cap of $1.48 billion, a PE ratio of -8.66 and a beta of 1.62. The firm’s 50-day simple moving average is $23.09 and its two-hundred day simple moving average is $20.79. Schrödinger, Inc. has a 52 week low of $16.67 and a 52 week high of $29.15.

Schrödinger (NASDAQ:SDGR) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.20). The firm had revenue of $88.32 million during the quarter, compared to the consensus estimate of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. As a group, equities research analysts anticipate that Schrödinger, Inc. will post -2.37 EPS for the current 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.