VIRGINIA RETIREMENT SYSTEMS ET Al Takes $432,000 Position in Tempus AI, Inc. $TEM

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,800 shares of the company's stock, valued at approximately $432,000.

A number of other large investors also recently made changes to their positions in the business. Concord Wealth Partners increased its holdings in Tempus AI by 308.0% in the second quarter. Concord Wealth Partners now owns 408 shares of the company's stock worth $26,000 after buying an additional 308 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in Tempus AI in the first quarter worth approximately $33,000. Bartlett & CO. Wealth Management LLC increased its holdings in 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 last quarter. Nemes Rush Group LLC acquired a new position in Tempus AI in the first quarter worth approximately $39,000. Finally, Quarry LP acquired a new position in Tempus AI in the first quarter worth approximately $44,000. Institutional investors and hedge funds own 24.22% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TEM shares. Cowen downgraded Tempus AI from a "buy" rating to a "hold" rating in a report on Tuesday. Canaccord Genuity Group started coverage on Tempus AI in a report on Monday, October 20th. They issued a "buy" rating and a $110.00 price objective on the stock. HC Wainwright upped their target price on Tempus AI from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Tempus AI in a research report on Saturday. Finally, Piper Sandler upped their target price on Tempus AI from $70.00 to $105.00 and gave the stock a "neutral" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $79.38.

Insider Transactions at Tempus AI

In related news, EVP Andrew Polovin sold 5,398 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $402,960.70. Following the completion of the transaction, the executive vice president directly owned 132,056 shares of the company's stock, valued at $9,857,980.40. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric P. Lefkofsky sold 332,500 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $76.56, for a total value of $25,456,200.00. Following the completion of the transaction, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold 933,662 shares of company stock valued at $68,070,993 over the last 90 days. Corporate insiders own 26.27% of the company's stock.

Tempus AI Stock Up 2.5%

TEM opened at $89.23 on Friday. Tempus AI, Inc. has a 1-year low of $31.36 and a 1-year high of $104.32. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of -74.98 and a beta of 4.87. The business has a 50 day moving average of $84.20 and a 200-day moving average of $67.88.

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