Blair William & Co. IL Boosts Stock Holdings in Tempus AI, Inc. $TEM

Key Points

• Blair William & Co. IL increased its holdings in Tempus AI, Inc. by 109.2% in Q2, acquiring a total of 67,637 shares now valued at approximately $4.3 million.
• CEO Eric P. Lefkofsky sold 332,500 shares for about $25.46 million, resulting in a 3.51% decrease in his ownership stake.
• Tempus AI reported a revenue increase of 89.5% year-over-year for the last quarter, with revenue hitting $314.64 million and beating analyst expectations.

Blair William & Co. IL raised its holdings in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) by 109.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,637 shares of the company's stock after buying an additional 35,303 shares during the period. Blair William & Co. IL's holdings in Tempus AI were worth $4,298,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC purchased a new stake in shares of Tempus AI during the first quarter worth about $31,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Tempus AI during the first quarter worth about $33,000. Continuum Advisory LLC purchased a new stake in shares of Tempus AI during the first quarter worth about $39,000. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Tempus AI by 100.0% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock worth $39,000 after purchasing an additional 400 shares during the period. Finally, Nemes Rush Group LLC purchased a new stake in shares of Tempus AI during the first quarter worth about $39,000. 24.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tempus AI news, CEO Eric P. Lefkofsky sold 332,500 shares of the firm's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $25,456,200.00. Following the completion of the transaction, the chief executive officer owned 9,141,032 shares of the company's stock, valued at approximately $699,837,409.92. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew Polovin sold 5,398 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.65, for a total transaction of $402,960.70. Following the transaction, the executive vice president directly owned 132,056 shares of the company's stock, valued at $9,857,980.40. This represents a 3.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 933,662 shares of company stock valued at $68,070,993 over the last quarter. 26.27% of the stock is currently owned by insiders.

Analyst Ratings Changes

TEM has been the subject of a number of analyst reports. Bank of America increased their target price on shares of Tempus AI from $68.00 to $70.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Guggenheim increased their target price on shares of Tempus AI from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Piper Sandler reiterated a "neutral" rating on shares of Tempus AI in a report on Friday, August 8th. Morgan Stanley increased their target price on shares of Tempus AI from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $70.00 target price on shares of Tempus AI in a report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $71.83.

Tempus AI Price Performance

TEM stock opened at $96.39 on Monday. Tempus AI, Inc. has a 1 year low of $31.36 and a 1 year high of $104.32. The company has a market cap of $16.75 billion, a P/E ratio of -81.00 and a beta of 4.87. The firm has a 50-day moving average of $78.89 and a 200 day moving average of $64.87. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.54 and a quick ratio of 1.43.

Tempus AI (NASDAQ:TEM - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $296.84 million. During the same period in the prior year, the firm earned ($6.86) earnings per share. Tempus AI's revenue was up 89.5% on a year-over-year basis. Tempus AI has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Tempus AI, Inc. will post -6.15 EPS for the current year.

Tempus AI 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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