Exchange Traded Concepts LLC Takes $507,000 Position in Grail, Inc. (NASDAQ:GRAL)

Exchange Traded Concepts LLC acquired a new stake in Grail, Inc. (NASDAQ:GRAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,388 shares of the company’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds have also made changes to their positions in GRAL. FNY Investment Advisers LLC acquired a new stake in Grail during the fourth quarter valued at approximately $26,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of Grail in the 4th quarter valued at approximately $387,000. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of Grail in the 4th quarter valued at approximately $430,000. Wesbanco Bank Inc. purchased a new stake in shares of Grail in the 4th quarter valued at approximately $523,000. Finally, 180 Wealth Advisors LLC purchased a new stake in shares of Grail in the 4th quarter valued at approximately $1,681,000.

Analyst Ratings Changes

Several brokerages recently commented on GRAL. Guggenheim began coverage on shares of Grail in a research report on Thursday, October 17th. They issued a “neutral” rating for the company. Wolfe Research started coverage on shares of Grail in a research report on Friday, November 15th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley started coverage on shares of Grail in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $16.00 target price for the company.

Insider Buying and Selling

In related news, CFO Aaron Freidin sold 30,452 shares of Grail stock in a transaction on Monday, November 18th. The shares were sold at an average price of $14.02, for a total value of $426,937.04. Following the transaction, the chief financial officer now owns 268,277 shares in the company, valued at $3,761,243.54. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Grail Stock Performance

Grail stock opened at $31.51 on Friday. The firm’s fifty day simple moving average is $19.76 and its 200-day simple moving average is $16.48. Grail, Inc. has a 1-year low of $12.33 and a 1-year high of $31.59.

Grail (NASDAQ:GRAL) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($3.94) earnings per share for the quarter. The firm had revenue of $28.65 million for the quarter. On average, research analysts predict that Grail, Inc. will post -65.16 earnings per share for the current fiscal year.

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.