FNY Investment Advisers LLC Makes New Investment in Schrödinger, Inc. (NASDAQ:SDGR)

FNY Investment Advisers LLC purchased a new position in shares of Schrödinger, Inc. (NASDAQ:SDGR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,500 shares of the company’s stock, valued at approximately $673,000. Schrödinger comprises approximately 0.9% of FNY Investment Advisers LLC’s holdings, making the stock its 28th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC purchased a new stake in shares of Schrödinger during the 4th quarter worth about $25,000. Arete Wealth Advisors LLC acquired a new position in shares of Schrödinger in the 1st quarter valued at approximately $25,000. Nisa Investment Advisors LLC raised its position in shares of Schrödinger by 5,900.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 1,200 shares of the company’s stock valued at $32,000 after purchasing an additional 1,180 shares in the last quarter. Carmel Capital Partners LLC acquired a new position in shares of Schrödinger in the 1st quarter valued at approximately $34,000. Finally, Money Concepts Capital Corp acquired a new position in shares of Schrödinger in the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 81.14% of the company’s stock.

Wall Street Analyst Weigh In

SDGR has been the topic of several research reports. Jefferies Financial Group upped their price target on Schrödinger from $40.00 to $60.00 in a research report on Thursday, June 15th. Morgan Stanley reissued an “equal weight” rating and set a $52.00 price target on shares of Schrödinger in a research report on Friday, August 4th. Finally, BMO Capital Markets dropped their target price on Schrödinger from $78.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Schrödinger Trading Down 0.5 %

SDGR stock traded down $0.17 during trading hours on Friday, hitting $33.03. 1,018,135 shares of the stock traded hands, compared to its average volume of 625,143. The stock has a 50-day simple moving average of $41.81 and a 200 day simple moving average of $35.80. Schrödinger, Inc. has a one year low of $15.85 and a one year high of $59.24. The company has a market cap of $2.37 billion, a P/E ratio of 38.41 and a beta of 1.29.

Schrödinger (NASDAQ:SDGR) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.22. Schrödinger had a negative return on equity of 20.98% and a net margin of 34.24%. The business had revenue of $35.19 million during the quarter, compared to the consensus estimate of $35.28 million. Analysts forecast that Schrödinger, Inc. will post 0.61 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Kenneth Patrick Lorton sold 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $40.06, for a total value of $400,600.00. Following the completion of the sale, the executive vice president now directly owns 37,388 shares of the company’s stock, valued at approximately $1,497,763.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Yvonne Tran sold 12,040 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $50.00, for a total transaction of $602,000.00. Following the transaction, the executive vice president now owns 12,721 shares of the company’s stock, valued at approximately $636,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Patrick Lorton sold 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $40.06, for a total value of $400,600.00. Following the transaction, the executive vice president now directly owns 37,388 shares in the company, valued at approximately $1,497,763.28. The disclosure for this sale can be found here. Company insiders own 7.60% of the company’s stock.

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.