Seven Grand Managers LLC purchased a new stake in shares of Guardant Health, Inc. (NASDAQ:GH – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 40,000 shares of the company’s stock, valued at approximately $4,086,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in GH. Alyeska Investment Group L.P. bought a new stake in shares of Guardant Health during the 3rd quarter valued at approximately $114,421,000. Franklin Resources Inc. grew its holdings in Guardant Health by 26.1% during the 3rd quarter. Franklin Resources Inc. now owns 2,926,315 shares of the company’s stock worth $182,836,000 after acquiring an additional 606,368 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Guardant Health by 124.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 570,095 shares of the company’s stock worth $35,620,000 after acquiring an additional 315,896 shares during the last quarter. Federated Hermes Inc. grew its holdings in Guardant Health by 21.2% during the 3rd quarter. Federated Hermes Inc. now owns 1,776,369 shares of the company’s stock worth $110,988,000 after acquiring an additional 310,931 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Guardant Health by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 3,213,657 shares of the company’s stock worth $328,297,000 after acquiring an additional 277,001 shares during the last quarter. 92.60% of the stock is owned by institutional investors.
Guardant Health Stock Performance
Shares of NASDAQ GH opened at $127.51 on Thursday. The company has a market capitalization of $16.91 billion, a P/E ratio of -37.61 and a beta of 1.48. Guardant Health, Inc. has a 52-week low of $37.73 and a 52-week high of $128.00. The company’s 50 day moving average price is $93.34 and its 200-day moving average price is $99.48.
Insider Transactions at Guardant Health
Analyst Upgrades and Downgrades
GH has been the topic of a number of research reports. TD Cowen reissued a “buy” rating on shares of Guardant Health in a report on Thursday, May 21st. Canaccord Genuity Group boosted their target price on shares of Guardant Health from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of Guardant Health from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Robert W. Baird initiated coverage on shares of Guardant Health in a report on Tuesday, February 17th. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Barclays boosted their target price on shares of Guardant Health from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.79.
Get Our Latest Research Report on GH
Guardant Health Profile
Guardant Health, Inc is a precision oncology company specializing in blood-based cancer diagnostics. Founded in 2012 and headquartered in Redwood City, California, the company develops non-invasive tests that use circulating tumor DNA (ctDNA) to profile genomic alterations in patients with solid tumors. Guardant Health’s mission is to advance cancer care by providing actionable data to clinicians, pharmaceutical partners and researchers worldwide.
The company’s flagship product, Guardant360, is a next-generation sequencing (NGS) assay designed to detect mutations, copy number variations and select fusions in more than 70 cancer-related genes.
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