Joshua J. Ofman Sells 48,213 Shares of Grail, Inc. (NASDAQ:GRAL) Stock

Grail, Inc. (NASDAQ:GRAL - Get Free Report) President Joshua J. Ofman sold 48,213 shares of the firm's stock in a transaction dated 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 directly owns 511,460 shares in the company, valued at approximately $17,353,837.80. This represents a 8.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Grail Stock Performance

Shares of GRAL stock opened at $34.26 on Tuesday. The company has a 50 day moving average price of $29.89 and a 200 day moving average price of $25.29. Grail, Inc. has a fifty-two week low of $12.33 and a fifty-two week high of $63.99.

Grail (NASDAQ:GRAL - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) EPS for the quarter, topping the consensus estimate of ($4.41) by $2.55. The firm had revenue of $38.25 million for the quarter, compared to analyst estimates of $35.33 million. On average, equities analysts predict that Grail, Inc. will post -15.15 earnings per share for the current year.

Institutional Trading of Grail

A number of institutional investors have recently bought and sold shares of GRAL. S.A. Mason LLC increased its holdings in shares of Grail by 50.1% in the 1st quarter. S.A. Mason LLC now owns 1,499 shares of the company's stock valued at $38,000 after acquiring an additional 500 shares during the period. KBC Group NV increased its position in Grail by 187.7% in the 1st quarter. KBC Group NV now owns 1,430 shares of the company's stock valued at $37,000 after acquiring an additional 933 shares during the period. Caldwell Sutter Capital Inc. purchased a new stake in Grail during the 1st quarter valued at approximately $28,000. Signaturefd LLC lifted its position in Grail by 273.0% during the 1st quarter. Signaturefd LLC now owns 1,876 shares of the company's stock worth $48,000 after acquiring an additional 1,373 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in shares of Grail in the 4th quarter valued at approximately $26,000.

Wall Street Analysts Forecast Growth

GRAL has been the subject of several analyst reports. Canaccord Genuity Group began coverage on Grail in a report on Monday, April 21st. They issued a "buy" rating and a $32.00 target price for the company. Morgan Stanley lifted their target price on Grail from $16.00 to $20.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 18th.

About Grail

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.

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