Moloney Securities Asset Management LLC Takes Position in Grail, Inc. (NASDAQ:GRAL)

Moloney Securities Asset Management LLC acquired a new position in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,336 shares of the company's stock, valued at approximately $559,000. Moloney Securities Asset Management LLC owned 0.09% of Grail at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GRAL. FNY Investment Advisers LLC bought a new position in shares of Grail in the fourth quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Grail in the fourth quarter worth $64,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Grail in the fourth quarter worth $127,000. Perigon Wealth Management LLC bought a new position in shares of Grail in the fourth quarter worth $260,000. Finally, B & T Capital Management DBA Alpha Capital Management bought a new position in shares of Grail in the fourth quarter worth $387,000.

Analyst Upgrades and Downgrades

GRAL has been the topic of several research analyst reports. Wolfe Research initiated coverage on Grail in a research note on Friday, November 15th. They issued a "peer perform" rating on the stock. Guggenheim initiated coverage on Grail in a research note on Thursday, October 17th. They issued a "neutral" rating on the stock. Finally, Morgan Stanley initiated coverage on Grail in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $16.00 price objective on the stock.

Grail Stock Performance

Shares of GRAL stock traded up $2.44 during mid-day trading on Friday, reaching $55.02. 3,152,661 shares of the stock traded hands, compared to its average volume of 1,307,240. The stock's fifty day simple moving average is $23.27 and its two-hundred day simple moving average is $17.82. Grail, Inc. has a 1-year low of $12.33 and a 1-year high of $55.32.

Grail (NASDAQ:GRAL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($3.94) EPS for the quarter. The firm had revenue of $28.65 million during the quarter. Equities research analysts forecast that Grail, Inc. will post -65.16 EPS for the current year.

Insider Buying and Selling

In other Grail news, CFO Aaron Freidin sold 30,452 shares of Grail stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $14.02, for a total value of $426,937.04. Following the completion of the sale, the chief financial officer now directly owns 268,277 shares in the company, valued at approximately $3,761,243.54. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Grail Company Profile

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.