PNC Financial Services Group Inc. Invests $86,000 in Grail, Inc. (NASDAQ:GRAL)

PNC Financial Services Group Inc. acquired a new stake in shares of Grail, Inc. (NASDAQ:GRAL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,826 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors have also recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in Grail during the 4th quarter valued at about $26,000. Lindbrook Capital LLC purchased a new position in shares of Grail in the 4th quarter valued at approximately $28,000. New York State Common Retirement Fund acquired a new stake in Grail in the 4th quarter worth approximately $59,000. Wilmington Savings Fund Society FSB purchased a new stake in Grail during the 4th quarter worth approximately $64,000. Finally, Manchester Capital Management LLC acquired a new position in Grail during the 4th quarter valued at approximately $123,000.

Insider Transactions at Grail

In other Grail news, President Joshua J. Ofman sold 2,109 shares of Grail 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 approximately $17,461,797.60. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert P. Ragusa sold 7,625 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $31.21, for a total value of $237,976.25. Following the completion of the sale, the chief executive officer now owns 828,662 shares in the company, valued at $25,862,541.02. The trade was a 0.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,550 shares of company stock worth $360,436 over the last 90 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lifted their price objective on shares of Grail from $16.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 18th.

Grail Price Performance

Shares of GRAL stock opened at $31.20 on Wednesday. Grail, Inc. has a fifty-two week low of $12.33 and a fifty-two week high of $63.99. The stock’s 50-day simple moving average is $33.40 and its 200-day simple moving average is $22.17.

Grail (NASDAQ:GRAL) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.86) earnings per share for the quarter, topping the consensus estimate of ($4.41) by $2.55. The business had revenue of $38.25 million during 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 fiscal year.

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.