Public Employees Retirement System of Ohio Makes New Investment in Grail, Inc. (NASDAQ:GRAL)

Public Employees Retirement System of Ohio acquired a new stake in Grail, Inc. (NASDAQ:GRAL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 18,718 shares of the company's stock, valued at approximately $334,000. Public Employees Retirement System of Ohio owned about 0.06% of Grail as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GRAL. State of Tennessee Department of Treasury purchased a new stake in shares of Grail during the fourth quarter worth about $28,000. Lindbrook Capital LLC purchased a new stake in Grail in the fourth quarter worth $28,000. Sterling Capital Management LLC bought a new stake in Grail in the fourth quarter valued at $29,000. Wellington Shields Capital Management LLC purchased a new position in Grail during the 4th quarter valued at $33,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Grail in the 4th quarter worth $41,000.

Grail Trading Down 2.9%

Grail stock traded down $1.13 on Friday, hitting $38.36. 2,102,304 shares of the stock traded hands, compared to its average volume of 1,263,474. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99. The firm has a market cap of $1.38 billion and a P/E ratio of -0.63. The business's fifty day simple moving average is $32.98 and its 200 day simple moving average is $28.97.

Grail (NASDAQ:GRAL - Get Free Report) last issued 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 business had revenue of $31.84 million during the quarter, compared to the consensus estimate of $35.80 million. As a group, analysts predict that Grail, Inc. will post -15.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRAL. Morgan Stanley boosted their price target on shares of Grail from $16.00 to $20.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 18th. Canaccord Genuity Group lifted their price objective on Grail from $32.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, May 14th.

Insider Buying and Selling at Grail

In other Grail news, President Joshua J. Ofman sold 48,213 shares of Grail stock in a transaction on 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert P. Ragusa sold 94,035 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 734,627 shares in the company, valued at approximately $24,925,894.11. This represents a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,398 shares of company stock valued at $6,222,694. Corporate 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.