Stephens Investment Management Group LLC Acquires 57,064 Shares of Schrodinger, Inc. $SDGR

Stephens Investment Management Group LLC grew its stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 2.6% in the fourth quarter, Holdings Channel reports. The firm owned 2,250,098 shares of the company’s stock after acquiring an additional 57,064 shares during the period. Stephens Investment Management Group LLC’s holdings in Schrodinger were worth $40,232,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SDGR. Aster Capital Management DIFC Ltd boosted its stake in shares of Schrodinger by 212.4% during the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock valued at $39,000 after purchasing an additional 1,321 shares during the period. State of Wyoming purchased a new stake in shares of Schrodinger during the second quarter valued at $39,000. SBI Securities Co. Ltd. boosted its stake in shares of Schrodinger by 110.4% during the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock valued at $43,000 after purchasing an additional 1,116 shares during the period. Quarry LP boosted its stake in shares of Schrodinger by 73.6% during the third quarter. Quarry LP now owns 2,401 shares of the company’s stock valued at $48,000 after purchasing an additional 1,018 shares during the period. Finally, ANTIPODES PARTNERS Ltd boosted its stake in shares of Schrodinger by 292.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 4,912 shares of the company’s stock valued at $99,000 after purchasing an additional 3,660 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Ramy Farid sold 43,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $12.33, for a total value of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $4,079,059.92. This represents a 11.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,501 shares of company stock valued at $691,160 over the last ninety days. 10.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SDGR shares. UBS Group lowered their target price on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Morgan Stanley lowered their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday. Wall Street Zen lowered shares of Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Finally, KeyCorp lowered their target price on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.25.

Schrodinger Price Performance

NASDAQ:SDGR opened at $11.95 on Friday. Schrodinger, Inc. has a 1-year low of $10.94 and a 1-year high of $27.63. The company has a 50-day moving average of $12.12 and a 200 day moving average of $14.98. The firm has a market cap of $882.15 million, a PE ratio of -8.48 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The business had revenue of $58.59 million during the quarter, compared to analysts’ expectations of $47.57 million. During the same period last year, the company earned ($0.82) earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that Schrodinger, Inc. will post -1.63 EPS for the current fiscal year.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.