XTX Topco Ltd Purchases 3,350 Shares of Schrodinger, Inc. (NASDAQ:SDGR)

XTX Topco Ltd increased its position in Schrodinger, Inc. (NASDAQ:SDGR) by 32.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,665 shares of the company’s stock after purchasing an additional 3,350 shares during the quarter. XTX Topco Ltd’s holdings in Schrodinger were worth $270,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SDGR. Point72 Hong Kong Ltd bought a new stake in shares of Schrodinger in the 4th quarter valued at about $27,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of Schrodinger in the 1st quarter valued at about $37,000. GAMMA Investing LLC raised its holdings in Schrodinger by 118.5% in the 1st quarter. GAMMA Investing LLC now owns 6,109 shares of the company’s stock valued at $121,000 after acquiring an additional 3,313 shares during the period. Federated Hermes Inc. raised its holdings in Schrodinger by 100.0% in the 1st quarter. Federated Hermes Inc. now owns 10,000 shares of the company’s stock valued at $197,000 after acquiring an additional 5,000 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Schrodinger in the 4th quarter valued at about $199,000. 79.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley assumed coverage on shares of Schrodinger in a report on Thursday, July 3rd. They issued an “equal weight” rating and a $28.00 price target on the stock. KeyCorp lowered their price target on shares of Schrodinger from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, July 14th.

Schrodinger Stock Down 3.0%

Schrodinger stock opened at $18.63 on Tuesday. Schrodinger, Inc. has a twelve month low of $16.60 and a twelve month high of $28.47. The company’s 50-day moving average price is $21.49 and its two-hundred day moving average price is $22.46. The stock has a market cap of $1.37 billion, a P/E ratio of -7.51 and a beta of 1.67.

Schrodinger (NASDAQ:SDGR) last announced its earnings results on Wednesday, August 6th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.83) by $0.24. Schrodinger had a negative net margin of 76.22% and a negative return on equity of 45.70%. The company had revenue of $54.76 million for the quarter, compared to analysts’ expectations of $52.03 million. During the same period last year, the firm earned ($0.66) earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts anticipate that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Schrodinger 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.