GRAIL, Inc. (NASDAQ:GRAL) Major Shareholder Sells $16,830,294.00 in Stock

GRAIL, Inc. (NASDAQ:GRAL - Get Free Report) major shareholder Chun R. Ding sold 339,800 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $49.53, for a total transaction of $16,830,294.00. Following the completion of the transaction, the insider owned 3,305,055 shares in the company, valued at $163,699,374.15. The trade was a 9.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

GRAIL Price Performance

GRAIL stock traded down $0.75 during mid-day trading on Friday, reaching $46.81. 1,042,680 shares of the company traded hands, compared to its average volume of 1,188,194. The firm's 50 day moving average price is $40.79 and its 200 day moving average price is $32.82. GRAIL, Inc. has a 52-week low of $12.33 and a 52-week high of $63.99. The firm has a market capitalization of $1.68 billion and a price-to-earnings ratio of -0.77.

GRAIL (NASDAQ:GRAL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported ($3.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.03) by $0.93. GRAIL had a negative net margin of 1,464.53% and a negative return on equity of 17.99%. The company had revenue of $31.84 million for the quarter, compared to analysts' expectations of $35.80 million. On average, sell-side analysts anticipate that GRAIL, Inc. will post -15.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Caldwell Sutter Capital Inc. purchased a new stake in GRAIL in the first quarter worth $28,000. KBC Group NV boosted its holdings in shares of GRAIL by 187.7% during the 1st quarter. KBC Group NV now owns 1,430 shares of the company's stock valued at $37,000 after buying an additional 933 shares in the last quarter. S.A. Mason LLC boosted its holdings 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 valued at $38,000 after buying an additional 500 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in shares of GRAIL in the 4th quarter worth about $28,000. Finally, Lindbrook Capital LLC bought a new position in shares of GRAIL in the 4th quarter worth about $28,000.

Analyst Ratings Changes

Several research firms recently issued reports on GRAL. Morgan Stanley raised their target price on 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 lifted their price objective on GRAIL from $32.00 to $43.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th.

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.