Slow Capital Inc. Takes $2.38 Million Position in Grail, Inc. (NASDAQ:GRAL)

Slow Capital Inc. acquired a new position in shares of Grail, Inc. (NASDAQ:GRAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 133,284 shares of the company’s stock, valued at approximately $2,379,000. Slow Capital Inc. owned approximately 0.40% of Grail as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC purchased a new position in Grail during the 4th quarter worth $507,000. Wesbanco Bank Inc. purchased a new stake in Grail during the fourth quarter worth about $523,000. B & T Capital Management DBA Alpha Capital Management acquired a new stake in Grail in the 4th quarter valued at about $387,000. 180 Wealth Advisors LLC acquired a new stake in Grail during the 4th quarter valued at $1,681,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Grail during the fourth quarter valued at $26,000.

Wall Street Analyst Weigh In

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

Grail Stock Performance

Shares of NASDAQ GRAL opened at $25.99 on Tuesday. The firm’s 50-day simple moving average is $19.04 and its 200 day simple moving average is $16.24. Grail, Inc. has a fifty-two week low of $12.33 and a fifty-two week high of $29.79.

Grail (NASDAQ:GRAL) last announced its earnings results on Tuesday, November 12th. The company reported ($3.94) EPS for the quarter. The business had revenue of $28.65 million for the quarter. On average, sell-side analysts expect that Grail, Inc. will post -65.16 EPS for the current fiscal year.

Insider Activity at Grail

In other Grail 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 transaction of $426,937.04. Following the sale, the chief financial officer now owns 268,277 shares in the company, valued at $3,761,243.54. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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.