Aaron Freidin Sells 1,816 Shares of Grail, Inc. (NASDAQ:GRAL) Stock

Grail, Inc. (NASDAQ:GRAL) CFO Aaron Freidin sold 1,816 shares of the firm’s 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 transaction, the chief financial officer now directly owns 335,170 shares in the company, valued at $10,457,304. This represents a 0.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Grail Trading Up 1.0 %

Shares of GRAL stock traded up $0.31 on Wednesday, hitting $30.85. 1,392,942 shares of the stock traded hands, compared to its average volume of 1,224,902. Grail, Inc. has a twelve month low of $12.33 and a twelve month high of $63.99. The firm’s 50-day moving average price is $31.16 and its two-hundred day moving average price is $21.08.

Grail (NASDAQ:GRAL) last announced 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 firm had revenue of $38.25 million for the quarter, compared to analyst estimates of $35.33 million. As a group, equities analysts predict that Grail, Inc. will post -15.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Grail

A number of institutional investors have recently made changes to their positions in GRAL. FNY Investment Advisers LLC purchased a new position in shares of Grail during the 4th quarter worth approximately $26,000. State of Tennessee Department of Treasury acquired a new position in Grail during the fourth quarter worth $28,000. Lindbrook Capital LLC acquired a new position in Grail during the fourth quarter worth $28,000. Sterling Capital Management LLC purchased a new position in shares of Grail during the fourth quarter worth $29,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Grail in the fourth quarter valued at $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.