Geode Capital Management LLC Sells 4,010 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Geode Capital Management LLC reduced its position in Schrödinger, Inc. (NASDAQ:SDGR) by 0.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,315,195 shares of the company’s stock after selling 4,010 shares during the period. Geode Capital Management LLC owned 1.81% of Schrödinger worth $25,376,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SDGR. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Schrödinger by 60.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after buying an additional 1,319,464 shares during the period. Nikko Asset Management Americas Inc. boosted its holdings in shares of Schrödinger by 108.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,464,911 shares of the company’s stock worth $47,499,000 after purchasing an additional 1,283,949 shares in the last quarter. State Street Corp lifted its holdings in shares of Schrödinger by 1.8% in the 3rd quarter. State Street Corp now owns 2,155,620 shares of the company’s stock worth $39,987,000 after acquiring an additional 38,972 shares during the last quarter. Stephens Investment Management Group LLC lifted its stake in shares of Schrödinger by 4.4% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock valued at $31,012,000 after acquiring an additional 67,786 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Schrödinger by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,680 shares of the company’s stock valued at $9,832,000 after buying an additional 11,167 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction of $119,484.16. Following the completion of the sale, the chief financial officer now owns 27,544 shares in the company, valued at $599,357.44. This trade represents a 16.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction on Monday, April 14th. The shares were sold at an average price of $25.09, for a total value of $419,580.07. Following the completion of the transaction, the insider now directly owns 15,625 shares in the company, valued at approximately $392,031.25. This trade represents a 51.70 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler dropped their target price on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. KeyCorp raised their price objective on shares of Schrödinger from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $33.00.

Schrödinger Stock Performance

SDGR opened at $25.75 on Friday. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -11.00 and a beta of 1.77. Schrödinger, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $28.47. The company has a fifty day moving average of $21.99 and a two-hundred day moving average of $20.92.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share 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 analysts’ expectations of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. On average, equities research analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

About Schrödinger

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.