Draper Asset Management LLC Has $964,000 Position in Schrödinger, Inc. (NASDAQ:SDGR)

Draper Asset Management LLC decreased its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,755 shares of the company’s stock after selling 445 shares during the period. Schrödinger makes up about 1.0% of Draper Asset Management LLC’s portfolio, making the stock its 14th largest position. Draper Asset Management LLC’s holdings in Schrödinger were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lazard Asset Management LLC raised its holdings in shares of Schrödinger by 23.6% in the first quarter. Lazard Asset Management LLC now owns 999 shares of the company’s stock valued at $76,000 after purchasing an additional 191 shares during the last quarter. Sandy Spring Bank boosted its position in Schrödinger by 135.3% during the second quarter. Sandy Spring Bank now owns 400 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares during the period. Arizona State Retirement System boosted its position in Schrödinger by 2.1% during the first quarter. Arizona State Retirement System now owns 11,477 shares of the company’s stock worth $876,000 after purchasing an additional 231 shares during the period. Kistler Tiffany Companies LLC boosted its position in Schrödinger by 20.2% during the second quarter. Kistler Tiffany Companies LLC now owns 1,399 shares of the company’s stock worth $106,000 after purchasing an additional 235 shares during the period. Finally, 9258 Wealth Management LLC boosted its position in Schrödinger by 6.9% during the first quarter. 9258 Wealth Management LLC now owns 5,450 shares of the company’s stock worth $416,000 after purchasing an additional 350 shares during the period. Hedge funds and other institutional investors own 55.29% of the company’s stock.

In other news, major shareholder David E. Shaw sold 60,449 shares of the stock in a transaction on Monday, June 21st. The stock was sold at an average price of $74.86, for a total transaction of $4,525,212.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joel Lebowitz sold 5,574 shares of the stock in a transaction on Wednesday, July 14th. The stock was sold at an average price of $68.04, for a total value of $379,254.96. Following the transaction, the chief financial officer now directly owns 5,574 shares in the company, valued at approximately $379,254.96. The disclosure for this sale can be found here. Insiders have sold a total of 686,608 shares of company stock worth $51,078,156 over the last ninety days. Insiders own 5.00% of the company’s stock.

SDGR has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Schrödinger from an “equal weight” rating to an “overweight” rating and set a $82.00 price objective for the company in a research report on Wednesday, September 1st. Zacks Investment Research cut shares of Schrödinger from a “buy” rating to a “hold” rating in a report on Saturday, August 14th. Finally, Craig Hallum began coverage on shares of Schrödinger in a report on Tuesday, May 25th. They issued a “buy” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $83.33.

SDGR stock traded down $0.60 during midday trading on Wednesday, hitting $60.92. The company’s stock had a trading volume of 8,996 shares, compared to its average volume of 827,133. Schrödinger, Inc. has a 12 month low of $46.27 and a 12 month high of $117.00. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of -97.06 and a beta of 1.00. The company has a 50 day moving average of $64.53 and a two-hundred day moving average of $70.79.

Schrödinger (NASDAQ:SDGR) last issued its quarterly earnings data on Thursday, August 12th. The company reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.29) by ($0.20). Schrödinger had a negative return on equity of 6.73% and a negative net margin of 34.75%. On average, analysts expect that Schrödinger, Inc. will post -1.2 EPS for the current year.

Schrödinger Profile

Schrödinger, Inc provides physics-based software platform that enables discovery of novel molecules for drug development and materials applications. The company operates through two segments, Software and Drug Discovery. The Software segment is focused on selling its software for drug discovery in the life sciences industry, as well as to customers in materials science industries.

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Institutional Ownership by Quarter for Schrödinger (NASDAQ:SDGR)

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