Jane Street Group LLC Sells 10,012 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Jane Street Group LLC cut its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 10.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 86,836 shares of the company’s stock after selling 10,012 shares during the period. Jane Street Group LLC’s holdings in Schrödinger were worth $1,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avanza Fonder AB purchased a new position in shares of Schrödinger in the fourth quarter worth $577,000. Barclays PLC lifted its stake in shares of Schrödinger by 421.6% in the third quarter. Barclays PLC now owns 107,554 shares of the company’s stock worth $1,995,000 after buying an additional 86,933 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Schrödinger during the fourth quarter worth about $325,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Schrödinger by 60.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after acquiring an additional 1,319,464 shares during the period. Finally, Amundi raised its stake in shares of Schrödinger by 197.7% in the 4th quarter. Amundi now owns 26,753 shares of the company’s stock valued at $544,000 after acquiring an additional 17,766 shares during the period. 79.05% of the stock is currently owned by institutional investors.

Schrödinger Stock Up 0.9%

SDGR opened at $23.58 on Monday. The firm has a market capitalization of $1.72 billion, a P/E ratio of -10.08 and a beta of 1.84. The firm’s 50 day moving average is $22.89 and its 200-day moving average is $22.02. Schrödinger, Inc. has a 52-week low of $16.60 and a 52-week high of $28.47.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.81) by ($0.01). The firm had revenue of $59.55 million for the quarter, compared to analyst estimates of $54.60 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The business’s revenue was up 62.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.86) EPS. Equities analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler lowered their price target on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. KeyCorp upped their price objective on shares of Schrödinger from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Schrödinger has an average rating of “Buy” and a consensus price target of $32.80.

Insider Buying and Selling at Schrödinger

In other Schrödinger news, insider Karen Akinsanya sold 16,723 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $25.09, for a total transaction of $419,580.07. Following the completion of the sale, the insider now owns 15,625 shares of the company’s stock, valued at $392,031.25. This represents a 51.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Geoffrey Craig Porges sold 5,491 shares of the 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 completion of the sale, the chief financial officer now directly owns 27,544 shares of the company’s stock, valued at $599,357.44. This represents a 16.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

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.