Stanley Laman Group Ltd. Cuts Stock Position in Schrödinger, Inc. (NASDAQ:SDGR)

Stanley Laman Group Ltd. cut its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,469 shares of the company’s stock after selling 38,199 shares during the period. Stanley Laman Group Ltd.’s holdings in Schrödinger were worth $3,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KBC Group NV increased its stake in Schrödinger by 45.4% during the third quarter. KBC Group NV now owns 2,508 shares of the company’s stock worth $47,000 after purchasing an additional 783 shares during the period. GAMMA Investing LLC increased its stake in shares of Schrödinger by 87.5% during the fourth quarter. GAMMA Investing LLC now owns 2,796 shares of the company’s stock worth $54,000 after buying an additional 1,305 shares during the period. Quarry LP increased its stake in shares of Schrödinger by 1,150.0% during the third quarter. Quarry LP now owns 2,825 shares of the company’s stock worth $52,000 after buying an additional 2,599 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Schrödinger in the third quarter valued at approximately $102,000. Finally, Point72 DIFC Ltd purchased a new position in Schrödinger in the third quarter valued at approximately $151,000. 79.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SDGR. BMO Capital Markets increased their price target on shares of Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp increased their price objective on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.11.

Schrödinger Price Performance

Schrödinger stock opened at $23.86 on Thursday. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $33.63. The business has a fifty day moving average of $21.74 and a two-hundred day moving average of $20.33.

Schrödinger (NASDAQ:SDGR) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.12). Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the prior year, the business earned ($0.86) EPS. The company’s quarterly revenue was down 17.1% compared to the same quarter last year. On average, analysts expect that Schrödinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Schrödinger 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.