Baillie Gifford & Co. Sells 143,976 Shares of Schrödinger, Inc. (NASDAQ:SDGR)

Baillie Gifford & Co. lessened its holdings in shares of Schrödinger, Inc. (NASDAQ:SDGR) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,980,992 shares of the company’s stock after selling 143,976 shares during the quarter. Baillie Gifford & Co.’s holdings in Schrödinger were worth $36,747,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Schrödinger by 145.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 837 shares during the last quarter. GAMMA Investing LLC raised its position in Schrödinger by 49.5% during the second quarter. GAMMA Investing LLC now owns 2,124 shares of the company’s stock valued at $41,000 after purchasing an additional 703 shares in the last quarter. nVerses Capital LLC bought a new stake in Schrödinger during the second quarter worth about $66,000. Quest Partners LLC boosted its holdings in shares of Schrödinger by 1,005.6% in the 2nd quarter. Quest Partners LLC now owns 4,555 shares of the company’s stock worth $88,000 after purchasing an additional 4,143 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Schrödinger by 20.5% in the 3rd quarter. Private Advisor Group LLC now owns 12,150 shares of the company’s stock worth $225,000 after purchasing an additional 2,065 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors.

Insider Activity at Schrödinger

In other Schrödinger news, insider Margaret Dugan sold 1,531 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $17.78, for a total value of $27,221.18. Following the sale, the insider now owns 13,469 shares of the company’s stock, valued at $239,478.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Schrödinger Price Performance

NASDAQ:SDGR opened at $22.25 on Wednesday. Schrödinger, Inc. has a fifty-two week low of $16.67 and a fifty-two week high of $38.00. The business has a 50 day moving average price of $18.73 and a 200-day moving average price of $20.41.

Analyst Ratings Changes

A number of analysts recently weighed in on SDGR shares. BMO Capital Markets dropped their target price on Schrödinger from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Morgan Stanley decreased their price target on shares of Schrödinger from $43.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.60.

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.