26,022 Shares in Grail, Inc. (NASDAQ:GRAL) Bought by California State Teachers Retirement System

California State Teachers Retirement System acquired a new position in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,022 shares of the company's stock, valued at approximately $464,000. California State Teachers Retirement System owned 0.08% of Grail as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. State of Tennessee Department of Treasury bought a new stake in shares of Grail during the 4th quarter worth $28,000. Lindbrook Capital LLC purchased a new position in shares of Grail during the fourth quarter worth about $28,000. Sterling Capital Management LLC purchased a new stake in Grail in the fourth quarter worth approximately $29,000. Wellington Shields Capital Management LLC purchased a new stake in Grail in the fourth quarter worth approximately $33,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Grail in the fourth quarter valued at approximately $41,000.

Insider Buying and Selling

In other news, CEO Robert P. Ragusa sold 94,035 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $33.93, for a total value of $3,190,607.55. Following the transaction, the chief executive officer now owns 734,627 shares in the company, valued at $24,925,894.11. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aaron Freidin sold 41,150 shares of Grail stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $33.93, for a total value of $1,396,219.50. Following the transaction, the chief financial officer now owns 294,020 shares in the company, valued at approximately $9,976,098.60. The trade was a 12.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,398 shares of company stock worth $6,222,694 in the last three months. 1.85% of the stock is owned by insiders.

Grail Trading Down 1.5%

GRAL traded down $0.61 on Friday, hitting $41.31. 762,324 shares of the company's stock traded hands, compared to its average volume of 1,264,413. The company's 50 day simple moving average is $35.06 and its 200-day simple moving average is $30.09. The firm has a market cap of $1.49 billion and a price-to-earnings ratio of -0.68. Grail, Inc. has a one year low of $12.33 and a one year high of $63.99.

Grail (NASDAQ:GRAL - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The company reported ($3.10) earnings per share for the quarter, beating the consensus estimate of ($4.03) by $0.93. The firm had revenue of $31.84 million for the quarter, compared to analysts' expectations of $35.80 million. As a group, equities analysts anticipate that Grail, Inc. will post -15.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on GRAL. Morgan Stanley upped their target price on Grail from $16.00 to $20.00 and gave the company an "equal weight" rating in a report on Tuesday, March 18th. Canaccord Genuity Group increased their target price on Grail from $32.00 to $43.00 and gave the stock a "buy" rating in a research note on Wednesday, May 14th.

About Grail

GRAIL, Inc operates as a commercial-stage healthcare company, which engages in the development of a technology for early detection of cancer. It utilizes machine learning, software, and automation to detect and identify multiple deadly cancer types in earlier stages. The company was founded by Jeffrey T.