Tudor Investment Corp ET AL Has $6.75 Million Position in Schrodinger, Inc. $SDGR

Tudor Investment Corp ET AL boosted its stake in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 2,530.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 336,379 shares of the company’s stock after acquiring an additional 323,592 shares during the period. Tudor Investment Corp ET AL owned 0.46% of Schrodinger worth $6,748,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of Schrodinger during the 2nd quarter worth $39,000. Aster Capital Management DIFC Ltd increased its position in shares of Schrodinger by 212.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 1,943 shares of the company’s stock worth $39,000 after purchasing an additional 1,321 shares during the period. SBI Securities Co. Ltd. raised its stake in Schrodinger by 110.4% in 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 in the last quarter. Quarry LP raised its stake in Schrodinger by 73.6% in 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 in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its position in Schrodinger by 292.3% during the third quarter. ANTIPODES PARTNERS Ltd now owns 4,912 shares of the company’s stock worth $99,000 after purchasing an additional 3,660 shares during the period. 79.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SDGR. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, December 15th. KeyCorp dropped their target price on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. TD Cowen reaffirmed a “buy” rating on shares of Schrodinger in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research report on Friday, January 9th. Finally, UBS Group decreased their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.13.

Schrodinger Trading Down 1.2%

Schrodinger stock opened at $11.87 on Tuesday. The stock has a 50-day moving average price of $13.47 and a two-hundred day moving average price of $17.01. Schrodinger, Inc. has a 12 month low of $11.11 and a 12 month high of $27.63. The company has a market capitalization of $876.30 million, a PE ratio of -8.36 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.57. Schrodinger had a negative return on equity of 29.47% and a negative net margin of 40.37%.The company had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $83.66 million. During the same period in the previous year, the business posted ($0.24) earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Schrodinger, Inc. will post -2.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $12.91, for a total value of $47,263.51. Following the completion of the transaction, the chief executive officer directly owned 330,824 shares in the company, valued at approximately $4,270,937.84. This represents a 1.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 15,340 shares of company stock worth $200,605. Insiders own 21.00% of the company’s stock.

Schrodinger Profile

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.