Amova Asset Management Americas Inc. Buys 180,735 Shares of Schrodinger, Inc. $SDGR

Amova Asset Management Americas Inc. lifted its holdings in Schrodinger, Inc. (NASDAQ:SDGR) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,819,670 shares of the company’s stock after purchasing an additional 180,735 shares during the period. Amova Asset Management Americas Inc.’s holdings in Schrodinger were worth $50,359,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Verity Asset Management Inc. increased its holdings in Schrodinger by 1.2% during the fourth quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock worth $1,175,000 after buying an additional 798 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Schrodinger by 6.3% during the fourth quarter. Handelsbanken Fonder AB now owns 15,200 shares of the company’s stock worth $272,000 after buying an additional 900 shares during the last quarter. Quarry LP increased its holdings in Schrodinger by 73.6% during the third quarter. Quarry LP now owns 2,401 shares of the company’s stock worth $48,000 after buying an additional 1,018 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Schrodinger by 110.4% during the third quarter. SBI Securities Co. Ltd. now owns 2,127 shares of the company’s stock worth $43,000 after buying an additional 1,116 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Schrodinger by 722.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $25,000 after buying an additional 1,207 shares during the last quarter. Institutional investors own 79.05% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ramy Farid sold 43,000 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $12.33, for a total transaction of $530,190.00. Following the completion of the sale, the chief executive officer directly owned 330,824 shares of the company’s stock, valued at $4,079,059.92. This trade represents a 11.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 10.10% of the company’s stock.

Schrodinger Trading Up 0.8%

SDGR stock opened at $14.52 on Wednesday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -10.30 and a beta of 1.64. Schrodinger, Inc. has a 12 month low of $10.94 and a 12 month high of $27.63. The firm has a 50-day moving average price of $12.70 and a 200-day moving average price of $14.33.

Schrodinger (NASDAQ:SDGR) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.25). Schrodinger had a negative net margin of 40.61% and a negative return on equity of 30.85%. The firm had revenue of $58.59 million during the quarter, compared to analyst estimates of $47.57 million. During the same period in the prior year, the company earned ($0.82) EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts predict that Schrodinger, Inc. will post -1.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SDGR shares. Morgan Stanley lowered their target price on shares of Schrodinger from $19.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. UBS Group decreased their price objective on shares of Schrodinger from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Wall Street Zen downgraded shares of Schrodinger from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, KeyCorp decreased their price objective on shares of Schrodinger from $25.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.