Schrödinger, Inc. (NASDAQ:SDGR) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in Schrödinger, Inc. (NASDAQ:SDGR) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,519 shares of the company’s stock after acquiring an additional 1,278 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Schrödinger were worth $878,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC raised its stake in shares of Schrödinger by 8.4% in the fourth quarter. SG Americas Securities LLC now owns 5,125 shares of the company’s stock valued at $183,000 after acquiring an additional 397 shares in the last quarter. Spire Wealth Management raised its stake in shares of Schrödinger by 66.7% in the third quarter. Spire Wealth Management now owns 1,000 shares of the company’s stock valued at $28,000 after acquiring an additional 400 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Schrödinger by 2.0% in the third quarter. Motley Fool Asset Management LLC now owns 29,402 shares of the company’s stock valued at $831,000 after acquiring an additional 570 shares in the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Schrödinger by 1.0% in the third quarter. Tudor Investment Corp Et Al now owns 91,725 shares of the company’s stock valued at $2,593,000 after acquiring an additional 908 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its stake in shares of Schrödinger by 5.1% in the third quarter. Greenwood Capital Associates LLC now owns 19,374 shares of the company’s stock valued at $548,000 after acquiring an additional 937 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

Schrödinger Stock Performance

Shares of SDGR stock opened at $24.81 on Wednesday. The stock’s 50-day moving average is $27.15 and its two-hundred day moving average is $28.34. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 39.38 and a beta of 1.57. Schrödinger, Inc. has a 1 year low of $20.76 and a 1 year high of $59.24.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data 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. The company had revenue of $74.10 million for the quarter, compared to analyst estimates of $79.12 million. Schrödinger had a negative return on equity of 23.58% and a net margin of 18.79%. The business’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.39) earnings per share. As a group, research analysts predict that Schrödinger, Inc. will post -2.73 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. KeyCorp reduced their price objective on Schrödinger from $38.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Citigroup cut their price target on Schrödinger from $47.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Bank of America cut their price target on Schrödinger from $38.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Craig Hallum cut their price target on Schrödinger from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, January 19th. Finally, The Goldman Sachs Group cut their price target on Schrödinger from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.50.

About Schrödinger

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.