Louisiana State Employees Retirement System acquired a new stake in shares of Schrödinger, Inc. (NASDAQ:SDGR – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,100 shares of the company’s stock, valued at approximately $1,403,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Integrated Advisors Network LLC bought a new stake in shares of Schrödinger during the second quarter valued at approximately $4,294,000. Harbor Capital Advisors Inc. purchased a new position in shares of Schrödinger in the second quarter valued at $560,000. FNY Investment Advisers LLC purchased a new position in shares of Schrödinger in the second quarter valued at $673,000. Maryland State Retirement & Pension System purchased a new position in shares of Schrödinger in the second quarter valued at $1,043,000. Finally, Capital Impact Advisors LLC grew its holdings in shares of Schrödinger by 6.0% in the first quarter. Capital Impact Advisors LLC now owns 15,868 shares of the company’s stock valued at $418,000 after purchasing an additional 901 shares in the last quarter. Institutional investors own 81.14% of the company’s stock.
Insider Transactions at Schrödinger
In other news, EVP Kenneth Patrick Lorton sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $40.06, for a total transaction of $400,600.00. Following the sale, the executive vice president now owns 37,388 shares in the company, valued at $1,497,763.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.60% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Schrödinger
Schrödinger Stock Performance
Shares of Schrödinger stock opened at $27.34 on Wednesday. The company has a market capitalization of $1.97 billion, a PE ratio of 31.79 and a beta of 1.36. The company has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $36.19. Schrödinger, Inc. has a one year low of $15.85 and a one year high of $59.24.
Schrödinger (NASDAQ:SDGR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $35.28 million. On average, equities analysts predict that Schrödinger, Inc. will post 0.4 earnings per share for the current fiscal year.
About Schrödinger
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.
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