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

Grail, Inc. (NASDAQ:GRAL) President Joshua J. Ofman sold 2,109 shares of Grail stock in a transaction dated 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 transaction, the president now directly owns 559,673 shares of the company’s stock, valued at approximately $17,461,797.60. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Grail Stock Up 1.0 %

Grail stock opened at $30.85 on Thursday. Grail, Inc. has a one year low of $12.33 and a one year high of $63.99. The business’s fifty day moving average is $31.42 and its 200 day moving average is $21.15.

Grail (NASDAQ:GRAL) last issued its earnings results 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 company had revenue of $38.25 million during the quarter, compared to analysts’ expectations of $35.33 million. As a group, research analysts anticipate that Grail, Inc. will post -15.15 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Grail

A number of hedge funds have recently bought and sold shares of the company. Alpha Wealth Funds LLC bought a new stake in shares of Grail during the 4th quarter valued at about $2,562,000. Ameriflex Group Inc. purchased a new stake in Grail during the fourth quarter valued at approximately $95,000. PVG Asset Management Corp bought a new position in Grail in the fourth quarter worth approximately $398,000. Public Employees Retirement System of Ohio purchased a new position in shares of Grail during the 4th quarter worth $334,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Grail during the 4th quarter worth $1,201,000.

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.