1 week Ago By ABMN Staff
Norges Bank purchased a new position in Schrödinger, Inc. ( NASDAQ:SDGR – Free Report ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 80,142 shares of the company’s stock, valued at approximately $1,546,000.
Norges Bank owned about 0.11% of Schrödinger at the end of the most recent quarter. Several other institutional investors and hedge funds have also made changes to their positions in the stock.
Sumitomo Mitsui Trust Group Inc. increased its position 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. Nikko Asset Management Americas Inc.
increased its holdings in shares of Schrödinger by 108.7% in the fourth quarter. Nikko Asset Management Americas Inc.
now owns 2,464,911 shares of the company’s stock valued at $47,499,000 after purchasing an additional 1,283,949 shares during the period. State Street Corp raised its stake in shares of Schrödinger by 1.8% in the third quarter.
State Street Corp now owns 2,155,620 shares of the company’s stock worth $39,987,000 after purchasing an additional 38,972 shares during the last quarter. Stephens Investment Management Group LLC lifted its holdings in shares of Schrödinger by 4.4% during the fourth quarter.
Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock worth $31,012,000 after purchasing an additional 67,786 shares during the period. Finally, Geode Capital Management LLC boosted its position in Schrödinger by 1.9% in the third quarter.
Geode Capital Management LLC now owns 1,319,205 shares of the company’s stock valued at $24,476,000 after buying an additional 24,114 shares during the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In A number of equities analysts have issued reports on SDGR shares. KeyCorp raised their price target on shares of Schrödinger from $25.00 to $27.
00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Piper Sandler reduced their target price 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. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Schrödinger presently has a consensus rating of “Buy” and a consensus target price of $32.
29. Schrödinger Stock Performance Shares of NASDAQ SDGR opened at $24.49 on Friday.
The company has a market capitalization of $1.79 billion, a PE ratio of -10.47 and a beta of 1.
77. The company’s fifty day moving average price is $21.98 and its 200 day moving average price is $20.
74. Schrödinger, Inc. has a 1 year low of $16.
60 and a 1 year high of $28.47. Schrödinger ( NASDAQ:SDGR – Get Free Report ) last issued 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). Schrödinger had a negative return on equity of 35.77% and a negative net margin of 91.
84%. The firm had revenue of $88.32 million during the quarter, compared to analyst estimates of $83.
20 million. On average, equities analysts expect that Schrödinger, Inc. will post -2.
37 EPS for the current year. Insiders Place Their Bets In related news, CFO Geoffrey Craig Porges sold 5,491 shares of the business’s stock in a transaction 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 owns 27,544 shares of the company’s stock, valued at approximately $599,357.
44. The trade was a 16.62 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 8.60% of the stock is currently owned by company insiders.
About Schrödinger ( Free Report ) 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.
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