7,217 Shares in Tempus AI, Inc. (NASDAQ:TEM) Purchased by Tokio Marine Asset Management Co. Ltd.

Key Points

• Tokio Marine Asset Management Co. Ltd. acquired 7,217 shares of Tempus AI, Inc. (NASDAQ:TEM) valued at approximately $348,000 during the first quarter.
• Insider transactions saw CFO James William Rogers sell 23,121 shares for $1,462,865, reducing his stake by 13.67%, while EVP Andrew Polovin sold 17,552 shares for over $1.1 million, representing an 11.22% decrease in ownership.
• Tempus AI reported a quarterly EPS of ($0.22), beating analysts' estimates, with revenues of $314.64 million, marking an impressive 89.5% increase year-over-year.

Tokio Marine Asset Management Co. Ltd. bought a new position in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,217 shares of the company's stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TEM. Cherry Tree Wealth Management LLC acquired a new stake in shares of Tempus AI in the 1st quarter worth about $31,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Tempus AI in the 1st quarter worth about $33,000. Continuum Advisory LLC acquired a new stake in shares of Tempus AI in the 1st quarter worth about $39,000. Bartlett & CO. Wealth Management LLC increased its stake in Tempus AI by 100.0% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock valued at $39,000 after buying an additional 400 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in Tempus AI in the 1st quarter valued at about $39,000. Institutional investors and hedge funds own 24.22% of the company's stock.

Insider Buying and Selling

In related news, CFO James William Rogers sold 23,121 shares of Tempus AI stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $63.27, for a total value of $1,462,865.67. Following the completion of the transaction, the chief financial officer directly owned 146,001 shares in the company, valued at approximately $9,237,483.27. The trade was a 13.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrew Polovin sold 17,552 shares of Tempus AI stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $63.43, for a total transaction of $1,113,323.36. Following the completion of the transaction, the executive vice president owned 138,877 shares of the company's stock, valued at $8,808,968.11. This represents a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 802,772 shares of company stock worth $54,080,775 in the last 90 days. 27.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TEM. Bank of America increased their price objective on shares of Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Needham & Company LLC reiterated a "buy" rating and issued a $70.00 price objective on shares of Tempus AI in a research note on Friday, August 8th. Piper Sandler reiterated a "neutral" rating on shares of Tempus AI in a research note on Friday, August 8th. Morgan Stanley increased their price objective on shares of Tempus AI from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Guggenheim increased their price objective on shares of Tempus AI from $65.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Tempus AI has a consensus rating of "Moderate Buy" and an average price target of $65.36.

Tempus AI Trading Up 3.1%

Shares of TEM stock opened at $73.78 on Friday. The company has a 50 day moving average of $63.13 and a 200-day moving average of $58.57. The company has a quick ratio of 1.56, a current ratio of 1.54 and a debt-to-equity ratio of 2.58. Tempus AI, Inc. has a 12-month low of $31.36 and a 12-month high of $91.45. The firm has a market cap of $12.77 billion, a P/E ratio of -62.00 and a beta of 4.98.

Tempus AI (NASDAQ:TEM - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.01. Tempus AI had a negative net margin of 20.98% and a negative return on equity of 122.86%. The company had revenue of $314.64 million during the quarter, compared to analyst estimates of $296.84 million. During the same quarter last year, the business posted ($6.86) EPS. Tempus AI's quarterly revenue was up 89.5% compared to the same quarter last year. Sell-side analysts anticipate that Tempus AI, Inc. will post -6.15 earnings per share for the current year.

Tempus AI Company Profile

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.

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