President Joshua Ofman Sold A Bunch Of Shares In GRAIL

Some GRAIL, Inc. (NASDAQ:GRAL) shareholders may be a little concerned to see that the President, Joshua Ofman, recently sold a substantial US$5.1m worth of stock at a price of US$62.50 per share. That sale reduced their total holding by 33% which is hardly insignificant, but far from the worst we've seen.

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The Last 12 Months Of Insider Transactions At GRAIL

In fact, the recent sale by Joshua Ofman was the biggest sale of GRAIL shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was below the current price of US$66.13, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 33% of Joshua Ofman's stake.

In the last year GRAIL insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

View our latest analysis for GRAIL

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Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 1.3% of GRAIL shares, worth about US$34m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About GRAIL Insiders?

Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing GRAIL. Case in point: We've spotted 5 warning signs for GRAIL you should be aware of, and 1 of these shouldn't be ignored.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.