Teacher Retirement System of Texas Acquires New Stake in Grail, Inc. (NASDAQ:GRAL)

Teacher Retirement System of Texas acquired a new position in shares of Grail, Inc. (NASDAQ:GRAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,214 shares of the company's stock, valued at approximately $236,000.

Other institutional investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in shares of Grail during the fourth quarter valued at about $26,000. Lindbrook Capital LLC bought a new position in shares of Grail during the 4th quarter worth approximately $28,000. Wellington Shields Capital Management LLC purchased a new stake in Grail during the fourth quarter valued at approximately $33,000. New York State Common Retirement Fund acquired a new stake in Grail in the fourth quarter valued at approximately $59,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Grail in the fourth quarter worth $64,000.

Insider Buying and Selling at Grail

In other news, CEO Robert P. Ragusa sold 7,625 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $31.21, for a total value of $237,976.25. Following the sale, the chief executive officer now directly owns 828,662 shares of the company's stock, valued at $25,862,541.02. This represents a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $56,659.20. Following the completion of the sale, the chief financial officer now owns 335,170 shares in the company, valued at $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 90 days, insiders have sold 11,550 shares of company stock worth $360,436.

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Grail Stock Performance

Shares of Grail stock traded down $2.63 during midday trading on Friday, hitting $22.25. The company had a trading volume of 1,620,475 shares, compared to its average volume of 1,218,467. The company has a fifty day simple moving average of $34.24 and a 200 day simple moving average of $22.86. 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 posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($4.41) by $2.55. The company had revenue of $38.25 million during the quarter, compared to analysts' expectations of $35.33 million. Sell-side analysts expect that Grail, Inc. will post -15.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on Grail from $16.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 18th.

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.