38,723 Shares in Grail, Inc. (NASDAQ:GRAL) Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board bought a new stake in shares of Grail, Inc. (NASDAQ:GRAL) in the fourth quarter, Holdings Channel reports. The fund bought 38,723 shares of the company’s stock, valued at approximately $691,000.

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Grail

In other news, CEO Robert P. Ragusa sold 7,625 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $31.21, for a total value of $237,976.25. Following the completion of the sale, the chief executive officer now owns 828,662 shares of the company’s stock, valued at approximately $25,862,541.02. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aaron Freidin sold 1,816 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 335,170 shares in the company, valued at approximately $10,457,304. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,550 shares of company stock worth $360,436.

Grail Stock Performance

GRAL stock opened at $26.50 on Thursday. Grail, Inc. has a 1-year low of $12.33 and a 1-year high of $63.99. The company’s 50 day moving average is $33.08 and its 200 day moving average is $23.38.

Grail (NASDAQ:GRAL) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.41) by $2.55. The firm had revenue of $38.25 million for the quarter, compared to analysts’ expectations of $35.33 million. Research analysts forecast that Grail, Inc. will post -15.15 earnings per share for the current fiscal year.

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.