Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,552 shares of the company's stock, valued at approximately $461,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Tempus AI by 31.4% in the 1st 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Tempus AI by 86,947.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,653,896 shares of the company's stock valued at $55,836,000 after acquiring an additional 1,651,996 shares during the last quarter. Norges Bank purchased a new position in Tempus AI in the fourth quarter worth about $34,681,000. Alliancebernstein L.P. grew its position in Tempus AI by 40.3% in the fourth quarter. Alliancebernstein L.P. now owns 945,133 shares of the company's stock worth $31,908,000 after acquiring an additional 271,591 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its stake in Tempus AI by 236.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 943,718 shares of the company's stock worth $31,860,000 after acquiring an additional 663,018 shares during the last quarter. 24.22% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on TEM. Piper Sandler raised their target price on shares of Tempus AI from $55.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Bank of America raised their price objective on shares of Tempus AI from $68.00 to $70.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. BTIG Research assumed coverage on Tempus AI in a research report on Monday, April 21st. They set a "buy" rating and a $60.00 target price for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $70.00 target price on shares of Tempus AI in a research note on Wednesday, May 7th. Finally, Guggenheim increased their price target on Tempus AI from $65.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, June 30th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $65.09.
Read Our Latest Stock Report on Tempus AI
Tempus AI Stock Down 3.0%
TEM stock opened at $54.89 on Monday. The stock has a market capitalization of $9.50 billion, a PE ratio of -7.04 and a beta of 4.98. Tempus AI, Inc. has a 52 week low of $31.36 and a 52 week high of $91.45. The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 2.45. The firm has a 50 day moving average of $62.47 and a 200 day moving average of $57.61.
Tempus AI (NASDAQ:TEM - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.03. The business had revenue of $255.74 million for the quarter, compared to the consensus estimate of $248.13 million. Tempus AI had a negative return on equity of 533.21% and a negative net margin of 88.27%. The business's revenue was up 75.4% on a year-over-year basis. Sell-side analysts forecast that Tempus AI, Inc. will post -6.15 earnings per share for the current year.
Insider Activity at Tempus AI
In related news, COO Ryan Fukushima sold 5,000 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $60.00, for a total value of $300,000.00. Following the completion of the transaction, the chief operating officer directly owned 145,000 shares in the company, valued at $8,700,000. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jennifer A. Doudna sold 625 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $62.52, for a total transaction of $39,075.00. Following the sale, the director directly owned 26,554 shares in the company, valued at $1,660,156.08. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 778,772 shares of company stock worth $52,052,375 in the last three months. Company insiders own 27.60% of the company's stock.
About Tempus AI
(
Free Report)
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.
Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tempus AI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tempus AI wasn't on the list.
While Tempus AI currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.