54,500 Shares in Grail, Inc. (NASDAQ:GRAL) Acquired by Swiss National Bank

Swiss National Bank acquired a new stake in shares of Grail, Inc. (NASDAQ:GRAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 54,500 shares of the company’s stock, valued at approximately $973,000. Swiss National Bank owned about 0.16% of Grail as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crcm LP purchased a new stake in shares of Grail during the 4th quarter valued at about $65,061,000. Bank of New York Mellon Corp purchased a new stake in Grail during the fourth quarter valued at approximately $6,262,000. TCW Group Inc. bought a new stake in shares of Grail in the 4th quarter valued at approximately $5,095,000. abrdn plc purchased a new position in shares of Grail in the 4th quarter worth approximately $3,768,000. Finally, Douglas Lane & Associates LLC bought a new position in shares of Grail during the 4th quarter valued at approximately $3,034,000.

Analysts Set New Price Targets

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

Insider Transactions at Grail

In related news, CFO Aaron Freidin sold 1,816 shares of Grail stock in a transaction dated Friday, March 7th. The shares were 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. This trade represents a 0.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Joshua J. Ofman sold 2,109 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $31.20, for a total transaction of $65,800.80. Following the completion of the transaction, the president now owns 559,673 shares in the company, 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. Over the last ninety days, insiders sold 11,550 shares of company stock worth $360,436.

Grail Price Performance

Shares of NASDAQ GRAL opened at $26.93 on Friday. The firm has a 50-day simple moving average of $34.03 and a two-hundred day simple moving average of $22.41. Grail, Inc. has a 1 year low of $12.33 and a 1 year high of $63.99.

Grail (NASDAQ:GRAL) last issued 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 business had revenue of $38.25 million for the quarter, compared to the consensus estimate of $35.33 million. On average, sell-side analysts expect that Grail, Inc. will post -15.15 EPS for the current fiscal 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.