Carson Advisory Inc. Invests $246,000 in Grail, Inc. (NASDAQ:GRAL)

Carson Advisory Inc. bought a new position in Grail, Inc. (NASDAQ:GRAL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 13,800 shares of the company's stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Grail in the fourth quarter valued at approximately $244,000. Moloney Securities Asset Management LLC acquired a new position in shares of Grail in the 4th quarter valued at $559,000. Rhumbline Advisers purchased a new position in shares of Grail during the 4th quarter worth $456,000. Wesbanco Bank Inc. acquired a new stake in shares of Grail during the 4th quarter worth about $523,000. Finally, Slow Capital Inc. acquired a new stake in shares of Grail during the 4th quarter worth about $2,379,000.

Analysts Set New Price Targets

Separately, Morgan Stanley increased their target price on shares of Grail from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 18th.

Insider Transactions at Grail

In other news, CFO Aaron Freidin sold 1,816 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $31.20, for a total value of $56,659.20. Following the sale, the chief financial officer now directly owns 335,170 shares in the company, valued at approximately $10,457,304. This trade represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Joshua J. Ofman sold 2,109 shares of Grail stock in a transaction on Friday, March 7th. The shares were sold at an average price of $31.20, for a total value of $65,800.80. Following the completion of the transaction, the president now owns 559,673 shares of the company's stock, valued at approximately $17,461,797.60. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,550 shares of company stock valued at $360,436.

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Grail Stock Up 4.3 %

NASDAQ GRAL traded up $1.08 on Tuesday, reaching $25.93. The stock had a trading volume of 1,029,383 shares, compared to its average volume of 1,225,128. Grail, Inc. has a 12-month low of $12.33 and a 12-month high of $63.99. The stock has a fifty day moving average price of $33.19 and a two-hundred day moving average price of $23.36.

Grail (NASDAQ:GRAL - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share (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. Research analysts predict that Grail, Inc. will post -15.15 EPS for the current year.

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.