California State Teachers Retirement System Purchases New Position in Grail, Inc. (NASDAQ:GRAL)

California State Teachers Retirement System acquired a new stake in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GRAL. Crcm LP bought a new stake in Grail during the fourth quarter valued at $65,061,000. Sessa Capital IM L.P. bought a new stake in Grail during the fourth quarter valued at $53,550,000. Primecap Management Co. CA bought a new stake in Grail during the fourth quarter valued at $37,118,000. Baker BROS. Advisors LP bought a new stake in Grail during the fourth quarter valued at $29,098,000. Finally, Vanguard Group Inc. purchased a new stake in Grail during the fourth quarter valued at about $25,902,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canaccord Genuity Group raised their price target on Grail from $32.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th. Morgan Stanley raised their price target on Grail from $16.00 to $20.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 18th.

Grail Price Performance

NASDAQ GRAL traded down $0.61 during trading hours on Friday, reaching $41.31. 762,324 shares of the stock traded hands, compared to its average volume of 1,264,413. The stock has a 50 day simple moving average of $35.06 and a two-hundred day simple moving average of $30.00. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99. The company has a market cap of $1.49 billion and a price-to-earnings ratio of -0.68.

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 analysts' consensus estimates 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. On average, sell-side analysts forecast that Grail, Inc. will post -15.15 EPS for the current fiscal year.

Insider Transactions at Grail

In other news, President Joshua J. Ofman sold 48,213 shares of Grail stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $33.93, for a total value of $1,635,867.09. Following the transaction, the president now owns 511,460 shares in the company, valued at approximately $17,353,837.80. The trade was a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aaron Freidin sold 41,150 shares of Grail stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 294,020 shares in the company, valued at approximately $9,976,098.60. This represents a 12.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,398 shares of company stock worth $6,222,694. Company insiders own 1.85% of the company's stock.

Grail Profile

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.