Tyler Stone Wealth Management Makes New Investment in Tempus AI, Inc. (NASDAQ:TEM)

Key Points

• Tyler Stone Wealth Management has acquired a new stake in Tempus AI, purchasing 8,000 shares valued at approximately $386,000 during the first quarter.
• Various other institutional investors have also increased their holdings in Tempus AI, with 24.22% of the stock now owned by institutional investors.
• Tempus AI recently reported better-than-expected quarterly earnings, with revenue jumping by 89.5% year-over-year, totaling $314.64 million.

Tyler Stone Wealth Management acquired a new stake in shares of Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,000 shares of the company's stock, valued at approximately $386,000.

Other institutional investors have also recently modified their holdings of the company. Cherry Tree Wealth Management LLC bought a new position in shares of Tempus AI during the 1st quarter valued at about $31,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Tempus AI during the 1st quarter valued at about $33,000. Bartlett & CO. Wealth Management LLC increased its position in shares of Tempus AI by 100.0% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company's stock valued at $39,000 after purchasing an additional 400 shares during the last quarter. Nemes Rush Group LLC bought a new position in shares of Tempus AI during the 1st quarter valued at about $39,000. Finally, Continuum Advisory LLC bought a new position in shares of Tempus AI during the 1st quarter valued at about $39,000. 24.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Piper Sandler reiterated a "neutral" rating on shares of Tempus AI in a research report on Friday, August 8th. Guggenheim increased their target price on Tempus AI from $65.00 to $75.00 and gave the company a "buy" rating in a report on Monday, June 30th. Bank of America increased their target price on Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. BTIG Research initiated coverage on Tempus AI in a report on Friday, August 8th. They set a "buy" rating and a $60.00 target price for the company. Finally, Needham & Company LLC restated a "buy" rating and set a $70.00 target price on shares of Tempus AI in a report on Friday, August 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Tempus AI has a consensus rating of "Moderate Buy" and a consensus target price of $65.36.

Insider Transactions at Tempus AI

In related news, CEO Eric P. Lefkofsky sold 250,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $70.07, for a total transaction of $17,517,500.00. Following the completion of the transaction, the chief executive officer owned 9,357,283 shares of the company's stock, valued at $655,664,819.81. This trade represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James William Rogers sold 23,121 shares of the firm's 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 transaction, the chief financial officer directly owned 146,001 shares of the company's stock, valued at approximately $9,237,483.27. This trade represents a 13.67% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 802,772 shares of company stock worth $54,080,775. 27.60% of the stock is owned by insiders.

Tempus AI Trading Up 3.1%

NASDAQ TEM opened at $73.78 on Friday. Tempus AI, Inc. has a fifty-two week low of $31.36 and a fifty-two week high of $91.45. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.56 and a current ratio of 1.54. The stock has a 50 day simple moving average of $63.13 and a two-hundred day simple moving average of $58.63. The stock 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 released its quarterly earnings data on Friday, August 8th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.01. Tempus AI had a negative return on equity of 122.86% and a negative net margin of 20.98%. The business had revenue of $314.64 million during the quarter, compared to analysts' expectations of $296.84 million. During the same quarter last year, the business posted ($6.86) EPS. The business's revenue was up 89.5% on a year-over-year basis. On average, analysts forecast that Tempus AI, Inc. will post -6.15 earnings per share for the current year.

About Tempus AI

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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