Tempus AI, Inc. (NASDAQ:TEM) Holdings Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in Tempus AI, Inc. (NASDAQ:TEM - Free Report) by 80.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,361 shares of the company's stock after selling 321,639 shares during the quarter. Teacher Retirement System of Texas' holdings in Tempus AI were worth $3,780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC acquired a new position in shares of Tempus AI during the 1st quarter valued at $31,000. Operose Advisors LLC acquired a new position in shares of Tempus AI during the fourth quarter worth about $25,000. Bartlett & CO. Wealth Management LLC boosted its position in shares of Tempus AI by 100.0% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock worth $39,000 after buying an additional 400 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Tempus AI in the first quarter valued at about $39,000. Finally, Farther Finance Advisors LLC acquired a new position in Tempus AI during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 24.22% of the company's stock.

Wall Street Analyst Weigh In

TEM has been the subject of several analyst reports. Bank of America upped their target price 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. Guggenheim upped their target price on Tempus AI from $65.00 to $75.00 and gave the company a "buy" rating in a research report on Monday, June 30th. Morgan Stanley raised their price target on shares of Tempus AI from $60.00 to $65.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Piper Sandler upped their price target on shares of Tempus AI from $55.00 to $70.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, BTIG Research started coverage on shares of Tempus AI in a research note on Monday, April 21st. They set a "buy" rating and a $60.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $63.67.

Insider Buying and Selling

In other news, Director Theodore Leonsis sold 205,847 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $67.66, for a total value of $13,927,608.02. Following the completion of the transaction, the director owned 15,511 shares of the company's stock, valued at approximately $1,049,474.26. This represents a 92.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric P. Lefkofsky sold 250,000 shares of Tempus AI stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $70.07, for a total transaction of $17,517,500.00. Following the sale, the chief executive officer owned 9,357,283 shares in the company, valued at approximately $655,664,819.81. This represents a 2.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 612,522 shares of company stock valued at $41,600,238 in the last ninety days. Insiders own 27.60% of the company's stock.

Tempus AI Stock Performance

Shares of Tempus AI stock traded down $0.10 on Wednesday, reaching $58.41. 6,161,538 shares of the company were exchanged, compared to its average volume of 7,466,058. The firm has a market cap of $10.11 billion and a price-to-earnings ratio of -7.49. Tempus AI, Inc. has a 1-year low of $31.36 and a 1-year high of $91.45. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.56 and a current ratio of 1.71. The company's 50-day moving average is $62.69 and its two-hundred day moving average is $54.45.

Tempus AI (NASDAQ:TEM - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.03. The firm had revenue of $255.74 million for the quarter, compared to analyst estimates of $248.13 million. Tempus AI had a negative return on equity of 533.21% and a negative net margin of 88.27%. Tempus AI's quarterly revenue was up 75.4% compared to the same quarter last year. As a group, research analysts expect that Tempus AI, Inc. will post -6.15 earnings per share 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.