Ryan Fukushima Sells 17,460 Shares of Tempus AI (NASDAQ:TEM) Stock

Key Points

• Ryan Fukushima, the COO of Tempus AI, sold 17,460 shares at an average price of $74.65, resulting in a total transaction value of $1,303,389, which decreased his ownership by 2.04%.
• Tempus AI's stock rose by 4.7% to $76.71 during mid-day trading, with a strong trading volume significantly above its average.
• In its latest quarterly earnings, Tempus AI reported $314.64 million in revenue, surpassing analyst expectations, and beat earnings per share estimates, showing a year-over-year revenue increase of 89.5%.

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) COO Ryan Fukushima sold 17,460 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.65, for a total value of $1,303,389.00. Following the completion of the sale, the chief operating officer owned 839,180 shares in the company, valued at approximately $62,644,787. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ryan Fukushima also recently made the following trade(s):

• On Monday, July 7th, Ryan Fukushima sold 5,000 shares of Tempus AI stock. The shares were sold at an average price of $60.00, for a total value of $300,000.00.

Tempus AI Stock Up 4.7%

Shares of NASDAQ TEM traded up $3.43 during mid-day trading on Thursday, hitting $76.71. The company had a trading volume of 15,579,085 shares, compared to its average volume of 12,600,730. 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 2.58, a current ratio of 1.54 and a quick ratio of 1.43. The company has a market capitalization of $13.33 billion, a PE ratio of -64.46 and a beta of 4.98. The business's 50-day simple moving average is $63.48 and its 200 day simple moving average is $58.98.

Tempus AI (NASDAQ:TEM - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned ($6.86) earnings per share. Tempus AI's quarterly revenue was up 89.5% on a year-over-year basis. Tempus AI has set its FY 2025 guidance at EPS. On average, analysts predict that Tempus AI, Inc. will post -6.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TEM. Bank of America raised 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. Needham & Company LLC restated a "buy" rating and issued a $70.00 price target on shares of Tempus AI in a research note on Friday, August 8th. Guggenheim lifted their target price on Tempus AI from $65.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. BTIG Research lifted their target price on Tempus AI from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Piper Sandler reiterated a "neutral" rating on shares of Tempus AI in a research report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.64.

Hedge Funds Weigh In On Tempus AI

Institutional investors have recently added to or reduced their stakes in the stock. Pathway Capital Management LP acquired a new position in Tempus AI in the 1st quarter valued at about $8,576,000. Wells Fargo & Company MN increased its position in Tempus AI by 13.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,384 shares of the company's stock valued at $80,000 after acquiring an additional 278 shares during the period. SeaCrest Wealth Management LLC acquired a new position in Tempus AI in the 1st quarter valued at about $535,000. Sumitomo Mitsui Trust Group Inc. increased its position in 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 valued at $205,284,000 after acquiring an additional 1,016,384 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Tempus AI by 92.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 578,890 shares of the company's stock valued at $27,926,000 after acquiring an additional 278,311 shares during the period. Institutional investors and hedge funds own 24.22% of the company's stock.

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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