Norges Bank Acquires New Shares in Grail, Inc. (NASDAQ:GRAL)

Norges Bank bought a new position in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 66,342 shares of the company's stock, valued at approximately $1,184,000. Norges Bank owned approximately 0.20% of Grail at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GRAL. FNY Investment Advisers LLC purchased a new stake in shares of Grail during the fourth quarter worth approximately $26,000. Lindbrook Capital LLC purchased a new stake in shares of Grail during the 4th quarter worth $28,000. Wellington Shields Capital Management LLC acquired a new stake in Grail in the fourth quarter valued at $33,000. New York State Common Retirement Fund acquired a new position in shares of Grail during the 4th quarter worth about $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Grail in the 4th quarter valued at about $64,000.

Grail Price Performance

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 1,225,116. The business's 50-day moving average price is $33.33 and its 200 day moving average price is $23.34. Grail, Inc. has a 12-month low of $12.33 and a 12-month high of $63.99.

Grail (NASDAQ:GRAL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $38.25 million for the quarter, compared to analysts' expectations of $35.33 million. On average, research analysts forecast that Grail, Inc. will post -15.15 earnings per share for the current year.

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Insider Buying and Selling at Grail

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

Wall Street Analysts Forecast Growth

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

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.