NEOS Investment Management LLC Buys 6,517 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

NEOS Investment Management LLC raised its position in Schrödinger, Inc. (NASDAQ:SDGR) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,788 shares of the company’s stock after buying an additional 6,517 shares during the period. NEOS Investment Management LLC’s holdings in Schrödinger were worth $671,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake 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 acquiring an additional 1,319,464 shares during the period. Nikko Asset Management Americas Inc. boosted its stake 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 valued at $47,499,000 after purchasing an additional 1,283,949 shares during the last quarter. State Street Corp boosted its stake 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 valued at $39,987,000 after purchasing an additional 38,972 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Schrödinger by 4.4% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,607,656 shares of the company’s stock worth $31,012,000 after buying an additional 67,786 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Schrödinger by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,319,205 shares of the company’s stock worth $24,476,000 after buying an additional 24,114 shares during the last quarter. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SDGR. Piper Sandler reduced their price objective on shares of Schrödinger from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. KeyCorp lifted their price objective on Schrödinger from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. 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 MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.29.

Schrödinger Trading Down 1.5 %

SDGR stock opened at $19.96 on Monday. Schrödinger, Inc. has a 1-year low of $16.67 and a 1-year high of $29.15. The business’s 50-day moving average price is $23.11 and its two-hundred day moving average price is $20.79. The firm has a market cap of $1.46 billion, a PE ratio of -8.53 and a beta of 1.62.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.20). The business had revenue of $88.32 million during the quarter, compared to analyst estimates of $83.20 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. On average, analysts forecast that Schrödinger, Inc. will post -2.37 earnings per share for the current year.

Insider Transactions at Schrödinger

In other news, CFO Geoffrey Craig Porges sold 5,491 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $21.76, for a total transaction of $119,484.16. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by 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.