Stanley Laman Group Ltd. Reduces Position in Schrödinger, Inc. (NASDAQ:SDGR)

Stanley Laman Group Ltd. cut its stake in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 14.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 197,668 shares of the company’s stock after selling 33,556 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Schrödinger were worth $3,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SDGR. Texas Permanent School Fund Corp lifted its position in Schrödinger by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 47,869 shares of the company’s stock valued at $1,292,000 after purchasing an additional 626 shares during the period. Louisiana State Employees Retirement System lifted its position in Schrödinger by 2.6% during the second quarter. Louisiana State Employees Retirement System now owns 27,800 shares of the company’s stock valued at $538,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC raised its position in shares of Schrödinger by 49.5% in the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock worth $41,000 after acquiring an additional 703 shares during the period. ProShare Advisors LLC raised its position in shares of Schrödinger by 7.4% in the first quarter. ProShare Advisors LLC now owns 10,987 shares of the company’s stock worth $297,000 after acquiring an additional 753 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in shares of Schrödinger by 2.7% in the first quarter. Illinois Municipal Retirement Fund now owns 32,043 shares of the company’s stock worth $865,000 after acquiring an additional 831 shares during the period. 79.05% of the stock is owned by hedge funds and other institutional investors.

Schrödinger Price Performance

Schrödinger stock opened at $18.68 on Wednesday. The firm has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $21.20. Schrödinger, Inc. has a 1-year low of $16.67 and a 1-year high of $38.00. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -6.97 and a beta of 1.50.

Schrödinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.74) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.85) by $0.11. Schrödinger had a negative net margin of 100.42% and a negative return on equity of 38.38%. The firm had revenue of $47.33 million during the quarter, compared to analysts’ expectations of $40.19 million. Equities analysts expect that Schrödinger, Inc. will post -2.19 earnings per share for the current fiscal year.

Insider Activity at Schrödinger

In related news, insider Margaret Dugan sold 1,531 shares of Schrödinger stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the completion of the sale, the insider now owns 13,469 shares in the company, valued at approximately $239,478.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SDGR shares. KeyCorp reduced their price target on shares of Schrödinger from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Morgan Stanley reduced their price target on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 21st. Leerink Partnrs upgraded shares of Schrödinger to a “strong-buy” rating in a research report on Tuesday, July 2nd. Leerink Partners started coverage on shares of Schrödinger in a research report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 price target for the company. Finally, BMO Capital Markets reduced their price target on shares of Schrödinger from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Schrödinger 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.