Wellington Management Group LLP Takes Position in Grail, Inc. (NASDAQ:GRAL)

Wellington Management Group LLP purchased a new position in Grail, Inc. (NASDAQ:GRAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,860 shares of the company's stock, valued at approximately $408,000. Wellington Management Group LLP owned approximately 0.07% of Grail as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System acquired a new stake in Grail during the fourth quarter valued at approximately $464,000. Alpha Wealth Funds LLC acquired a new stake in Grail in the 4th quarter valued at $2,562,000. Ameriflex Group Inc. bought a new stake in Grail in the fourth quarter valued at $95,000. PVG Asset Management Corp bought a new stake in Grail in the fourth quarter valued at $398,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Grail during the fourth quarter worth $334,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group boosted 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. 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.

Insider Buying and Selling

In related news, CFO Aaron Freidin sold 41,150 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were 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 $9,976,098.60. The trade was a 12.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert P. Ragusa sold 94,035 shares of the company's 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 183,398 shares of company stock worth $6,222,694 in the last 90 days. Corporate insiders own 1.85% of the company's stock.

Grail Price Performance

NASDAQ GRAL opened at $38.36 on Friday. The stock's 50 day simple moving average is $33.24 and its 200 day simple moving average is $29.23. Grail, Inc. has a one year low of $12.33 and a one year high of $63.99. The firm has a market cap of $1.38 billion and a PE ratio of -0.63.

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

About Grail

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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