Tudor Investment Corp ET AL Purchases 323,592 Shares of Schrodinger, Inc. $SDGR

Tudor Investment Corp ET AL raised its position in shares of Schrodinger, Inc. (NASDAQ:SDGR) by 2,530.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.46% of Schrodinger worth $6,748,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in shares of Schrodinger by 1,075.8% in the third quarter. Millennium Management LLC now owns 1,551,721 shares of the company’s stock valued at $31,128,000 after buying an additional 1,419,750 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Schrodinger by 65.3% in the third quarter. Lazard Asset Management LLC now owns 2,346,441 shares of the company’s stock valued at $47,070,000 after buying an additional 927,234 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Schrodinger by 24.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,554,569 shares of the company’s stock valued at $91,365,000 after buying an additional 904,619 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Schrodinger by 38.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,072,433 shares of the company’s stock valued at $41,573,000 after buying an additional 577,899 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Schrodinger by 428.3% in the second quarter. Bank of America Corp DE now owns 606,916 shares of the company’s stock valued at $12,211,000 after buying an additional 492,032 shares during the period. Institutional investors own 79.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Schrodinger in a research note on Friday, January 9th. TD Cowen reiterated a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Bank of America upgraded Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, December 15th. UBS Group cut their target price on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Finally, Wall Street Zen upgraded Schrodinger from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.13.

Schrodinger Price Performance

NASDAQ SDGR opened at $11.39 on Wednesday. The business has a fifty day moving average price of $12.29 and a two-hundred day moving average price of $16.42. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $27.63. The stock has a market capitalization of $840.87 million, a PE ratio of -8.02 and a beta of 1.62.

Schrodinger (NASDAQ:SDGR) last released its 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 firm had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $83.66 million. During the same period in the prior year, the company earned ($0.24) earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Schrodinger, Inc. will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

In other Schrodinger news, CEO Ramy Farid sold 3,661 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $12.91, for a total transaction of $47,263.51. Following the completion of the sale, the chief executive officer directly owned 330,824 shares in the company, valued at $4,270,937.84. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 15,340 shares of company stock worth $200,605 in the last three months. 21.00% of the stock is owned by corporate insiders.

Schrodinger Company 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.