PNC Financial Services Group Inc. Has $155,000 Holdings in GRAIL, Inc. $GRAL

PNC Financial Services Group Inc. increased its stake in shares of GRAIL, Inc. (NASDAQ:GRAL) by 26.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,085 shares of the company’s stock after acquiring an additional 1,259 shares during the period. PNC Financial Services Group Inc.’s holdings in GRAIL were worth $155,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. State of Tennessee Department of Treasury acquired a new position in GRAIL during the fourth quarter valued at approximately $28,000. Caldwell Sutter Capital Inc. acquired a new stake in shares of GRAIL in the first quarter worth $28,000. Sterling Capital Management LLC bought a new stake in shares of GRAIL during the 4th quarter worth $29,000. KBC Group NV grew its stake in GRAIL by 187.7% in the 1st quarter. KBC Group NV now owns 1,430 shares of the company’s stock valued at $37,000 after buying an additional 933 shares during the last quarter. Finally, S.A. Mason LLC raised its holdings in GRAIL by 50.1% in the 1st quarter. S.A. Mason LLC now owns 1,499 shares of the company’s stock worth $38,000 after acquiring an additional 500 shares during the period.

Insider Activity at GRAIL

In related news, President Joshua J. Ofman sold 9,692 shares of the company’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $52.00, for a total value of $503,984.00. Following the completion of the transaction, the president directly owned 492,076 shares in the company, valued at approximately $25,587,952. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Chun R. Ding sold 339,800 shares of the firm’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $49.53, for a total value of $16,830,294.00. Following the completion of the transaction, the insider directly owned 3,305,055 shares of the company’s stock, valued at approximately $163,699,374.15. This trade represents a 9.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 357,492 shares of company stock worth $17,645,718 over the last three months.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price target on shares of GRAIL from $32.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 14th.

GRAIL Trading Up 1.1%

GRAL opened at $32.80 on Tuesday. GRAIL, Inc. has a 1-year low of $12.33 and a 1-year high of $63.99. The business has a 50 day moving average of $39.97 and a 200-day moving average of $36.35. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.50 and a beta of 3.26.

GRAIL (NASDAQ:GRAL) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($3.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($3.14) by ($0.04). The company had revenue of $35.54 million during the quarter, compared to analyst estimates of $37.57 million. GRAIL had a negative return on equity of 16.64% and a negative net margin of 329.86%. Equities analysts predict that GRAIL, Inc. will post -15.15 EPS for the current year.

About GRAIL

GRAIL, Inc operates as a commercial-stage healthcare company, which engages in the development of a technology for early detection of cancer. It utilizes machine learning, software, and automation to detect and identify multiple deadly cancer types in earlier stages. The company was founded by Jeffrey T.