Praxis Investment Management Inc. Invests $254,000 in Tempus AI, Inc. $TEM

Praxis Investment Management Inc. purchased a new position in Tempus AI, Inc. (NASDAQ:TEM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,000 shares of the company's stock, valued at approximately $254,000.

A number of other large investors have also recently made changes to their positions in the stock. ARK Investment Management LLC grew its stake in shares of Tempus AI by 35.9% in the first quarter. ARK Investment Management LLC now owns 7,501,399 shares of the company's stock worth $361,867,000 after acquiring an additional 1,981,755 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Tempus AI by 6,247.5% in the first quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company's stock worth $289,204,000 after buying an additional 5,900,668 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its holdings in shares of Tempus AI by 31.5% in the first quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company's stock worth $205,401,000 after buying an additional 1,021,460 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Tempus AI by 31.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,255,477 shares of the company's stock worth $205,284,000 after buying an additional 1,016,384 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Tempus AI in the first quarter worth approximately $34,119,000. 24.22% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO James William Rogers sold 7,528 shares of Tempus AI 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 $561,965.20. Following the sale, the chief financial officer owned 138,473 shares in the company, valued at $10,337,009.45. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric P. Lefkofsky sold 332,500 shares of Tempus AI 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 sale, the chief executive officer owned 9,141,032 shares in the company, valued at approximately $699,837,409.92. The trade was a 3.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 933,662 shares of company stock valued at $68,070,993. Company insiders own 26.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TEM. BTIG Research raised their price objective on shares of Tempus AI from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Morgan Stanley raised their price objective 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. Guggenheim raised their price objective 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. HC Wainwright raised their price objective on shares of Tempus AI from $90.00 to $98.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tempus AI in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Tempus AI presently has an average rating of "Hold" and an average target price of $71.83.

Tempus AI Price Performance

Shares of NASDAQ:TEM opened at $87.78 on Friday. 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, Inc. has a 1-year low of $31.36 and a 1-year high of $104.32. The company has a market capitalization of $15.25 billion, a P/E ratio of -73.76 and a beta of 4.87. The firm's 50 day simple moving average is $82.18 and its two-hundred day simple moving average is $66.23.

Tempus AI (NASDAQ:TEM - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.01. The firm had revenue of $314.64 million for the quarter, compared to analysts' expectations of $296.84 million. Tempus AI had a negative net margin of 20.98% and a negative return on equity of 122.86%. The company's revenue for the quarter was up 89.5% compared to the same quarter last year. During the same quarter last year, the business posted ($6.86) earnings per share. Tempus AI has set its FY 2025 guidance at EPS. Research analysts expect that Tempus AI, Inc. will post -6.15 EPS for the current fiscal 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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