Schrödinger, Inc. (NASDAQ:SDGR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lessened its position in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,208,758 shares of the company’s stock after selling 127,710 shares during the quarter. ARK Investment Management LLC owned approximately 3.03% of Schrödinger worth $42,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Schrödinger by 60.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,510,518 shares of the company’s stock valued at $67,718,000 after purchasing an additional 1,319,464 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Schrödinger by 58.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,945,182 shares of the company’s stock valued at $36,083,000 after buying an additional 717,059 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Schrödinger by 17.7% in the 3rd quarter. Rubric Capital Management LP now owns 3,685,503 shares of the company’s stock worth $68,366,000 after buying an additional 555,503 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in Schrödinger by 39.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,539,870 shares of the company’s stock worth $28,565,000 after buying an additional 436,789 shares during the last quarter. Finally, Barclays PLC increased its stake in Schrödinger by 421.6% during the 3rd quarter. Barclays PLC now owns 107,554 shares of the company’s stock worth $1,995,000 after buying an additional 86,933 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Schrödinger Stock Performance

NASDAQ:SDGR opened at $21.05 on Wednesday. Schrödinger, Inc. has a one year low of $16.67 and a one year high of $33.63. The stock has a market cap of $1.53 billion, a PE ratio of -9.00 and a beta of 1.61. The stock has a 50 day moving average price of $22.19 and a 200 day moving average price of $20.55.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SDGR shares. KeyCorp raised their target price on Schrödinger from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets raised their target price on Schrödinger from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $32.11.

Schrödinger Company 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.