Perigon Wealth Management LLC Makes New $260,000 Investment in Grail, Inc. (NASDAQ:GRAL)

Perigon Wealth Management LLC purchased a new position in shares of Grail, Inc. (NASDAQ:GRAL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,917 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRAL. Douglas Lane & Associates LLC bought a new stake in Grail during the fourth quarter worth $3,034,000. Slow Capital Inc. bought a new position in shares of Grail in the fourth quarter valued at about $2,379,000. 180 Wealth Advisors LLC bought a new position in shares of Grail in the fourth quarter valued at about $1,681,000. Wesbanco Bank Inc. bought a new position in shares of Grail in the fourth quarter valued at about $523,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Grail in the fourth quarter valued at about $507,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Grail in a research report on Friday, November 15th. They issued a “peer perform” rating on the stock. Morgan Stanley assumed coverage on shares of Grail in a research report on Wednesday, November 27th. They issued an “equal weight” rating and a $16.00 price objective on the stock. Finally, Guggenheim assumed coverage on shares of Grail in a research report on Thursday, October 17th. They issued a “neutral” rating on the stock.

Grail Stock Performance

GRAL stock opened at $30.28 on Monday. The company’s 50-day simple moving average is $20.34 and its 200 day simple moving average is $16.66. Grail, Inc. has a 52 week low of $12.33 and a 52 week high of $32.65.

Grail (NASDAQ:GRAL) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($3.94) EPS for the quarter. The company had revenue of $28.65 million for the quarter. As a group, analysts anticipate that Grail, Inc. will post -65.16 earnings per share for the current year.

Insider Activity at Grail

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

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.