Insider Selling: Grail, Inc. (NASDAQ:GRAL) President Sells $65,800.80 in Stock

Grail, Inc. (NASDAQ:GRALGet Free Report) President Joshua J. Ofman sold 2,109 shares of Grail stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $31.20, for a total transaction of $65,800.80. Following the completion of the sale, the president now directly owns 559,673 shares in the company, valued at approximately $17,461,797.60. The trade was a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Grail Price Performance

GRAL stock opened at $29.74 on Friday. Grail, Inc. has a 52 week low of $12.33 and a 52 week high of $63.99. The company’s 50-day moving average price is $31.81 and its 200 day moving average price is $21.29.

Grail (NASDAQ:GRALGet Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.86) EPS for the quarter, topping analysts’ consensus estimates of ($4.41) by $2.55. The company had revenue of $38.25 million for the quarter, compared to analysts’ expectations of $35.33 million. On average, research analysts expect that Grail, Inc. will post -15.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on GRAL shares. Wolfe Research started coverage on shares of Grail in a report on Friday, November 15th. They issued a “peer perform” rating on the stock. Morgan Stanley started coverage on shares of Grail in a report on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 price objective on the stock.

Read Our Latest Stock Report on Grail

Hedge Funds Weigh In On Grail

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crcm LP acquired a new position in Grail during the fourth quarter worth about $65,061,000. Sessa Capital IM L.P. acquired a new position in Grail during the fourth quarter worth about $53,550,000. Primecap Management Co. CA acquired a new position in Grail during the fourth quarter worth about $37,118,000. Baker BROS. Advisors LP acquired a new position in Grail during the fourth quarter worth about $29,098,000. Finally, Vanguard Group Inc. acquired a new position in Grail during the fourth quarter worth about $25,902,000.

Grail Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Grail (NASDAQ:GRAL)

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