PGGM Investments Takes $1.22 Million Position in Grail, Inc. (NASDAQ:GRAL)

PGGM Investments bought a new stake in Grail, Inc. (NASDAQ:GRAL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 68,560 shares of the company's stock, valued at approximately $1,224,000. PGGM Investments owned approximately 0.20% of Grail as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GRAL. FNY Investment Advisers LLC bought a new position in shares of Grail in the fourth quarter valued at approximately $26,000. Lindbrook Capital LLC bought a new position in shares of Grail in the fourth quarter valued at approximately $28,000. New York State Common Retirement Fund bought a new position in shares of Grail in the fourth quarter valued at approximately $59,000. Wilmington Savings Fund Society FSB bought a new position in shares of Grail in the fourth quarter valued at approximately $64,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of Grail in the fourth quarter valued at approximately $86,000.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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Grail Stock Performance

Grail stock traded down $0.95 during mid-day trading on Tuesday, reaching $28.18. 950,614 shares of the company's stock were exchanged, compared to its average volume of 1,223,998. The business's fifty day simple moving average is $32.00 and its 200 day simple moving average is $21.49. Grail, Inc. has a one year low of $12.33 and a one year high of $63.99.

Grail (NASDAQ:GRAL - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) EPS for the quarter, topping analysts' consensus estimates of ($4.41) by $2.55. The business had revenue of $38.25 million for the quarter, compared to the consensus estimate of $35.33 million. As a group, analysts anticipate that Grail, Inc. will post -15.15 EPS for the current year.

Grail 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.