Janus Henderson Group PLC Invests $223,000 in Grail, Inc. (NASDAQ:GRAL)

Janus Henderson Group PLC bought a new stake in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the company's stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Crcm LP bought a new position in shares of Grail in the fourth quarter valued at $65,061,000. Primecap Management Co. CA acquired a new stake in shares of Grail in the 4th quarter worth about $37,118,000. Baker BROS. Advisors LP bought a new position in Grail in the 4th quarter valued at about $29,098,000. Vanguard Group Inc. acquired a new position in Grail during the 4th quarter valued at about $25,902,000. Finally, AQR Capital Management LLC bought a new stake in Grail during the 4th quarter worth approximately $14,828,000.

Analyst Upgrades and Downgrades

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

Insider Transactions at Grail

In related news, CFO Aaron Freidin sold 1,816 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $31.20, for a total value of $56,659.20. Following the transaction, the chief financial officer now directly owns 335,170 shares of the company's stock, valued at approximately $10,457,304. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Joshua J. Ofman sold 48,213 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 transaction of $1,635,867.09. Following the sale, the president now owns 511,460 shares in the company, 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 sold 194,948 shares of company stock worth $6,583,130 over the last three months. 1.85% of the stock is currently owned by company insiders.

Grail Stock Performance

GRAL stock traded up $0.01 during trading on Thursday, hitting $41.10. 726,217 shares of the company traded hands, compared to its average volume of 1,254,645. The company has a 50-day moving average of $31.93 and a 200-day moving average of $28.16. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99. The firm has a market capitalization of $1.48 billion and a PE ratio of -0.67.

Grail (NASDAQ:GRAL - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($3.10) EPS for the quarter, topping the consensus estimate of ($4.03) by $0.93. The company had revenue of $31.84 million during the quarter, compared to analysts' expectations of $35.80 million. Sell-side analysts expect that Grail, Inc. will post -15.15 EPS for the current year.

Grail Company 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.