Insider Selling: Tempus AI (NASDAQ:TEM) CAO Sells 1,904 Shares of Stock

Key Points

• Ryan Bartolucci, the Chief Accounting Officer of Tempus AI, sold 1,904 shares of the company’s stock at an average price of $74.65, reducing his total ownership by 3.98% to 45,895 shares.
• Tempus AI's stock price increased by 4.7% to $76.71, with a 50-day moving average of $63.48 and a market cap of $13.33 billion.
• The company reported a quarterly revenue of $314.64 million, exceeding expectations, while also beating earnings estimates with a loss of ($0.22) per share.

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) CAO Ryan Bartolucci sold 1,904 shares of Tempus AI stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.65, for a total value of $142,133.60. Following the transaction, the chief accounting officer directly owned 45,895 shares in the company, valued at approximately $3,426,061.75. This trade represents a 3.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tempus AI Stock Up 4.7%

NASDAQ:TEM traded up $3.43 on Thursday, hitting $76.71. 15,581,883 shares of the company's stock traded hands, compared to its average volume of 12,600,730. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 2.58. Tempus AI, Inc. has a 1 year low of $31.36 and a 1 year high of $91.45. The firm has a 50-day moving average price of $63.48 and a 200-day moving average price of $58.98. The company has a market cap of $13.33 billion, a PE ratio of -64.46 and a beta of 4.98.

Tempus AI (NASDAQ:TEM - Get Free Report) last released its earnings results on Friday, August 8th. The company reported ($0.22) earnings per share for the quarter, beating 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 company had revenue of $314.64 million for the quarter, compared to analysts' expectations of $296.84 million. During the same quarter in the previous year, the business posted ($6.86) EPS. The business's revenue for the quarter was up 89.5% on a year-over-year basis. Tempus AI has set its FY 2025 guidance at EPS. Equities analysts anticipate that Tempus AI, Inc. will post -6.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TEM. BTIG Research boosted their price target on Tempus AI from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America boosted their price target on Tempus AI from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Piper Sandler reissued a "neutral" rating on shares of Tempus AI in a research note on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 price target on shares of Tempus AI in a research note on Friday, August 8th. Finally, Morgan Stanley boosted their price target on Tempus AI from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.64.

Institutional Investors Weigh In On Tempus AI

A number of large investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC boosted its position in Tempus AI by 35.9% during the first quarter. ARK Investment Management LLC now owns 7,501,399 shares of the company's stock worth $361,867,000 after purchasing an additional 1,981,755 shares during the period. Vanguard Group Inc. boosted its position in Tempus AI by 6,247.5% during the first quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company's stock worth $289,204,000 after purchasing an additional 5,900,668 shares during the period. Nikko Asset Management Americas Inc. boosted its position in Tempus AI by 31.5% during the first quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company's stock worth $205,401,000 after purchasing an additional 1,021,460 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Tempus AI by 31.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,255,477 shares of the company's stock worth $205,284,000 after purchasing an additional 1,016,384 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its position 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 purchasing an additional 663,018 shares during the period. Institutional investors own 24.22% of the company's stock.

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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