Crown Wealth Group LLC bought a new position in GRAIL, Inc. (NASDAQ:GRAL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,486 shares of the company's stock, valued at approximately $217,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caldwell Sutter Capital Inc. purchased a new stake in GRAIL in the 1st quarter worth approximately $28,000. KBC Group NV increased its stake in shares of GRAIL by 187.7% during the 1st quarter. KBC Group NV now owns 1,430 shares of the company's stock worth $37,000 after purchasing an additional 933 shares during the last quarter. S.A. Mason LLC increased its stake in shares of GRAIL by 50.1% during the 1st quarter. S.A. Mason LLC now owns 1,499 shares of the company's stock worth $38,000 after purchasing an additional 500 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of GRAIL during the 4th quarter worth $28,000. Finally, Lindbrook Capital LLC acquired a new position in shares of GRAIL during the 4th quarter worth $28,000.
Analysts Set New Price Targets
Several brokerages have recently commented on GRAL. Morgan Stanley increased their price target on shares of GRAIL from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 18th. Canaccord Genuity Group raised their target price on shares of GRAIL from $32.00 to $43.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th.
Get Our Latest Research Report on GRAIL
Insiders Place Their Bets
In other GRAIL news, CEO Robert P. Ragusa sold 94,035 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $33.93, for a total value of $3,190,607.55. Following the sale, the chief executive officer now directly owns 734,627 shares in the company, valued at $24,925,894.11. This trade represents a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Joshua J. Ofman sold 48,213 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $33.93, for a total transaction of $1,635,867.09. Following the transaction, the president now directly owns 511,460 shares of the company's stock, valued at $17,353,837.80. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,398 shares of company stock worth $6,222,694 in the last ninety days. Insiders own 1.85% of the company's stock.
GRAIL Trading Down 2.0%
NASDAQ:GRAL opened at $48.39 on Friday. GRAIL, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99. The firm's fifty day simple moving average is $39.25 and its 200 day simple moving average is $31.88. The firm has a market capitalization of $1.74 billion and a PE ratio of -0.79.
GRAIL (NASDAQ:GRAL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($3.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($4.03) by $0.93. The company had revenue of $31.84 million for the quarter, compared to analyst estimates of $35.80 million. GRAIL had a negative net margin of 1,464.53% and a negative return on equity of 17.99%. As a group, analysts anticipate that GRAIL, Inc. will post -15.15 EPS for the current fiscal year.
GRAIL Company Profile
(
Free Report)
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.
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