Grail, Inc. (NASDAQ:GRAL) President Joshua J. Ofman Sells 2,109 Shares

Grail, Inc. (NASDAQ:GRAL) President Joshua J. Ofman sold 2,109 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were 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 owns 559,673 shares of the company’s stock, valued at $17,461,797.60. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Grail Price Performance

Shares of Grail stock traded up $0.31 during trading hours on Wednesday, reaching $30.85. 1,392,942 shares of the company’s stock were exchanged, compared to its average volume of 1,224,902. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99. The business has a fifty day moving average of $31.16 and a two-hundred day moving average of $21.08.

Grail (NASDAQ:GRAL) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share (EPS) for the quarter, beating 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. On average, equities analysts anticipate that Grail, Inc. will post -15.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GRAL shares. Morgan Stanley started coverage on shares of Grail in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 target price for the company. Wolfe Research assumed coverage on Grail in a report on Friday, November 15th. They issued a “peer perform” rating on the stock.

Institutional Investors Weigh In On Grail

Hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Grail during the 4th quarter valued at approximately $26,000. Lindbrook Capital LLC acquired a new stake in Grail during the fourth quarter worth $28,000. State of Tennessee Department of Treasury acquired a new stake in Grail during the fourth quarter worth $28,000. Sterling Capital Management LLC purchased a new stake in Grail in the 4th quarter valued at about $29,000. Finally, Wellington Shields Capital Management LLC acquired a new position in Grail in the fourth quarter valued at about $33,000.

About Grail

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.