WIM INVESTMENT MANAGEMENT Ltd Takes $375,000 Position in Grail, Inc. (NASDAQ:GRAL)

WIM INVESTMENT MANAGEMENT Ltd bought a new stake in Grail, Inc. (NASDAQ:GRAL) during the 4th quarter, Holdings Channel reports. The fund bought 21,000 shares of the company’s stock, valued at approximately $375,000. Grail accounts for about 0.1% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 15th largest holding.

Other hedge funds also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Grail in the 4th quarter valued at about $244,000. Moloney Securities Asset Management LLC acquired a new position in Grail during the fourth quarter valued at approximately $559,000. Wesbanco Bank Inc. acquired a new position in Grail during the fourth quarter valued at approximately $523,000. Rhumbline Advisers acquired a new position in Grail during the fourth quarter valued at approximately $456,000. Finally, Slow Capital Inc. acquired a new position in Grail during the fourth quarter valued at approximately $2,379,000.

Grail Stock Performance

Shares of NASDAQ GRAL opened at $28.18 on Wednesday. Grail, Inc. has a 52-week low of $12.33 and a 52-week high of $63.99. The firm has a 50 day moving average price of $32.20 and a 200 day moving average price of $21.59.

Grail (NASDAQ:GRAL) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.41) by $2.55. The company had revenue of $38.25 million during the quarter, compared to the consensus estimate of $35.33 million. On average, sell-side analysts forecast that Grail, Inc. will post -15.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley boosted their price objective on shares of Grail from $16.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday.

Insider Buying and Selling at Grail

In other Grail news, CFO Aaron Freidin sold 1,816 shares of Grail stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $31.20, for a total value of $56,659.20. Following the transaction, the chief financial officer now owns 335,170 shares of the company’s stock, valued at approximately $10,457,304. The trade was a 0.54 % decrease in their ownership of the stock. 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 business’s stock in a transaction on 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 sale, the president now directly owns 559,673 shares in the company, valued at approximately $17,461,797.60. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,550 shares of company stock valued at $360,436.

Grail Company 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.