Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,164 shares of the company’s stock after selling 1,872 shares during the quarter. Victory Capital Management Inc.’s holdings in Schrödinger were worth $318,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SDGR. Harbor Capital Advisors Inc. lifted its holdings in Schrödinger by 5.0% in the third quarter. Harbor Capital Advisors Inc. now owns 13,059 shares of the company’s stock valued at $242,000 after acquiring an additional 622 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Schrödinger by 2.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,800 shares of the company’s stock worth $538,000 after buying an additional 700 shares during the period. GAMMA Investing LLC raised its stake in shares of Schrödinger by 49.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after buying an additional 703 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Schrödinger by 145.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in shares of Schrödinger by 4.1% during the 2nd quarter. Ensign Peak Advisors Inc now owns 23,893 shares of the company’s stock worth $462,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 79.05% of the company’s stock.

Insider Buying and Selling at Schrödinger

In other news, insider Margaret Dugan sold 1,531 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $17.78, for a total value of $27,221.18. Following the transaction, the insider now owns 13,469 shares of the company’s stock, valued at $239,478.82. This represents a 10.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SDGR shares. Morgan Stanley reduced their target price on Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 21st. BMO Capital Markets upped their target price on Schrödinger from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.90.

Schrödinger Stock Performance

Shares of SDGR opened at $22.57 on Friday. The stock has a 50 day moving average price of $18.78 and a 200 day moving average price of $20.19. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -9.72 and a beta of 1.50. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $38.00.

Schrödinger (NASDAQ:SDGR) last issued its earnings results on Tuesday, November 12th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.12). The company had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $41.25 million. Schrödinger had a negative net margin of 91.84% and a negative return on equity of 35.77%. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.86) earnings per share. On average, analysts predict that Schrödinger, Inc. will post -2.29 earnings per share 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.