Duality Advisers LP Buys 8,685 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Duality Advisers LP raised its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 21.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,867 shares of the company’s stock after purchasing an additional 8,685 shares during the quarter. Duality Advisers LP’s holdings in Schrödinger were worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Spire Wealth Management raised its position in shares of Schrödinger by 66.7% during the 3rd quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock valued at $28,000 after buying an additional 400 shares in the last quarter. National Bank of Canada FI increased its stake in Schrödinger by 260.0% in the third quarter. National Bank of Canada FI now owns 1,800 shares of the company’s stock valued at $49,000 after acquiring an additional 1,300 shares during the last quarter. International Assets Investment Management LLC raised its position in Schrödinger by 3,480.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,790 shares of the company’s stock valued at $64,000 after purchasing an additional 1,740 shares in the last quarter. SG Americas Securities LLC lifted its stake in Schrödinger by 23.4% during the third quarter. SG Americas Securities LLC now owns 4,728 shares of the company’s stock worth $134,000 after purchasing an additional 896 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Schrödinger by 34.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 4,244 shares of the company’s stock worth $152,000 after purchasing an additional 1,076 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Robert Lorne Abel sold 1,205 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $27.55, for a total transaction of $33,197.75. Following the transaction, the insider now directly owns 9,340 shares of the company’s stock, valued at $257,317. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert Lorne Abel sold 1,205 shares of Schrödinger stock in a transaction on Monday, February 12th. The shares were sold at an average price of $27.55, for a total value of $33,197.75. Following the sale, the insider now owns 9,340 shares in the company, valued at $257,317. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Kenneth Patrick Lorton sold 901 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.29, for a total transaction of $25,489.29. Following the transaction, the chief operating officer now directly owns 36,487 shares in the company, valued at $1,032,217.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,651 shares of company stock worth $102,395. 7.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SDGR. Craig Hallum decreased their price objective on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 19th. Piper Sandler cut their price objective on shares of Schrödinger from $60.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, February 29th. KeyCorp reduced their target price on shares of Schrödinger from $38.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, February 29th. The Goldman Sachs Group lowered their price target on shares of Schrödinger from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, March 1st. Finally, Citigroup reduced their price objective on Schrödinger from $47.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Schrödinger has an average rating of “Moderate Buy” and an average target price of $43.50.

Schrödinger Trading Up 0.8 %

SDGR stock opened at $24.49 on Tuesday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 38.87 and a beta of 1.57. The firm’s 50-day moving average price is $27.18 and its two-hundred day moving average price is $28.36. Schrödinger, Inc. has a 12-month low of $20.76 and a 12-month high of $59.24.

Schrödinger (NASDAQ:SDGR) last posted its earnings results on Wednesday, February 28th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.12. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The company had revenue of $74.10 million for the quarter, compared to analysts’ expectations of $79.12 million. During the same period last year, the firm earned ($0.39) earnings per share. Schrödinger’s quarterly revenue was up 30.5% on a year-over-year basis. Equities analysts predict that Schrödinger, Inc. will post -2.73 EPS for the current year.

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.