Dakota Wealth Management Makes New Investment in GRAIL, Inc. $GRAL

Key Points

• Dakota Wealth Management has acquired a new position in GRAIL, Inc. during the second quarter, purchasing 51,647 shares valued at approximately $2.656 million, representing about 0.14% ownership of the company.
• GRAIL's recent quarterly earnings report showed an EPS of (3.18), missing analysts' expectations, with revenue of $35.54 million falling short of the anticipated $37.57 million.
• Insider trading activities included major shareholder Chun R. Ding selling 339,800 shares for over $16.8 million, reducing their ownership stake by 9.32%.

Dakota Wealth Management purchased a new position in GRAIL, Inc. (NASDAQ:GRAL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,647 shares of the company's stock, valued at approximately $2,656,000. Dakota Wealth Management owned approximately 0.14% of GRAIL as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of GRAIL by 3.4% in the first quarter. Vanguard Group Inc. now owns 1,499,740 shares of the company's stock valued at $38,303,000 after purchasing an additional 48,645 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of GRAIL by 61.0% in the first quarter. AQR Capital Management LLC now owns 1,337,163 shares of the company's stock valued at $33,991,000 after purchasing an additional 506,440 shares in the last quarter. Wealthquest Corp bought a new position in shares of GRAIL in the first quarter valued at approximately $18,247,000. Millennium Management LLC bought a new position in shares of GRAIL in the fourth quarter valued at approximately $5,275,000. Finally, Aberdeen Group plc lifted its holdings in shares of GRAIL by 34.9% in the first quarter. Aberdeen Group plc now owns 284,735 shares of the company's stock valued at $7,272,000 after purchasing an additional 73,667 shares in the last quarter.

GRAIL Stock Up 3.6%

GRAL stock opened at $48.26 on Friday. GRAIL, Inc. has a twelve month low of $12.33 and a twelve month high of $63.99. The stock's 50 day moving average is $36.04 and its 200-day moving average is $35.85. The firm has a market capitalization of $1.74 billion, a PE ratio of -3.68 and a beta of 3.18.

GRAIL (NASDAQ:GRAL - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($3.18) EPS for the quarter, missing analysts' consensus estimates of ($3.14) by ($0.04). The business had revenue of $35.54 million for the quarter, compared to analysts' expectations of $37.57 million. GRAIL had a negative net margin of 329.86% and a negative return on equity of 16.64%. On average, equities research analysts anticipate that GRAIL, Inc. will post -15.15 earnings per share for the current fiscal year.

Insider Activity at GRAIL

In related news, major shareholder Chun R. Ding sold 339,800 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $49.53, for a total transaction of $16,830,294.00. Following the completion of the sale, the insider directly owned 3,305,055 shares of the company's stock, valued at approximately $163,699,374.15. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aaron Freidin sold 8,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $38.93, for a total value of $311,440.00. Following the sale, the chief financial officer directly owned 286,020 shares of the company's stock, valued at $11,134,758.60. The trade was a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 361,694 shares of company stock valued at $17,780,266. 1.85% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding GRAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GRAIL, Inc. (NASDAQ:GRAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.