Nano Cap New Millennium Growth Fund L P Makes New Investment in Schrodinger, Inc. $SDGR

Nano Cap New Millennium Growth Fund L P acquired a new stake in Schrodinger, Inc. (NASDAQ:SDGR) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $894,000.

Several other large investors have also recently added to or reduced their stakes in SDGR. Millennium Management LLC increased its stake in Schrodinger by 1,075.8% in the 3rd 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 increased its stake in Schrodinger by 65.3% in the 3rd 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. Massachusetts Financial Services Co. MA increased its stake in Schrodinger by 38.7% in the 3rd 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. Bank of America Corp DE increased its stake in Schrodinger by 428.3% in the 2nd 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. Finally, UBS Group AG increased its stake in Schrodinger by 51.3% in the 4th quarter. UBS Group AG now owns 1,442,799 shares of the company’s stock valued at $25,797,000 after buying an additional 489,059 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrodinger Price Performance

SDGR opened at $13.23 on Friday. Schrodinger, Inc. has a fifty-two week low of $10.94 and a fifty-two week high of $27.63. The business has a 50-day moving average of $12.08 and a 200-day moving average of $14.68. The company has a market capitalization of $976.64 million, a PE ratio of -9.38 and a beta of 1.57.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.25). Schrodinger had a negative return on equity of 30.85% and a negative net margin of 40.61%.The firm had revenue of $58.59 million for the quarter, compared to analysts’ expectations of $47.57 million. During the same period last year, the business earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. On average, equities research analysts expect that Schrodinger, Inc. will post -1.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Schrodinger

In related news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total value of $530,190.00. Following the transaction, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at approximately $4,079,059.92. This trade represents a 11.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 55,501 shares of company stock valued at $691,160. 10.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SDGR has been the subject of a number of recent research reports. UBS Group cut their price target on Schrodinger from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Wall Street Zen downgraded Schrodinger from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 9th. Morgan Stanley cut their price target on Schrodinger from $19.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Finally, KeyCorp cut their price target on Schrodinger from $25.00 to $20.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Schrodinger currently has a consensus rating of “Hold” and a consensus price target of $20.25.

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.