Sculptor Capital LP Trims Holdings in Tempus AI, Inc. (NASDAQ:TEM)

Sculptor Capital LP lowered its holdings in Tempus AI, Inc. (NASDAQ:TEM - Free Report) by 52.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,000 shares of the company's stock after selling 27,955 shares during the quarter. Sculptor Capital LP's holdings in Tempus AI were worth $844,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TEM. ProShare Advisors LLC bought a new position in shares of Tempus AI during the fourth quarter valued at approximately $244,000. Lazard Asset Management LLC bought a new stake in Tempus AI in the fourth quarter valued at $1,034,000. Frontier Capital Management Co. LLC increased its position in Tempus AI by 236.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 943,718 shares of the company's stock valued at $31,860,000 after purchasing an additional 663,018 shares during the period. Circle Wealth Management LLC bought a new position in Tempus AI in the 4th quarter worth $253,000. Finally, Crestline Management LP bought a new position in Tempus AI in the 4th quarter worth $675,000. 24.22% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tempus AI

In related news, CEO Eric P. Lefkofsky sold 3,240,234 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $58.75, for a total value of $190,363,747.50. Following the transaction, the chief executive officer now directly owns 4,895,589 shares of the company's stock, valued at approximately $287,615,853.75. This represents a 39.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Erik Phelps sold 61,582 shares of Tempus AI stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $82.36, for a total value of $5,071,893.52. Following the completion of the sale, the executive vice president now directly owns 153,080 shares of the company's stock, valued at approximately $12,607,668.80. The trade was a 28.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,065,231 shares of company stock worth $237,796,095. 27.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TEM. JPMorgan Chase & Co. lowered shares of Tempus AI from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $50.00 to $55.00 in a research note on Tuesday, February 25th. Morgan Stanley raised their price objective on shares of Tempus AI from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wolfe Research downgraded Tempus AI from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a "buy" rating and issued a $70.00 target price on shares of Tempus AI in a research report on Wednesday, May 7th. Finally, Piper Sandler lifted their price target on Tempus AI from $55.00 to $70.00 and gave the company a "neutral" rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.75.

Tempus AI Stock Up 4.6%

Shares of NASDAQ:TEM opened at $65.49 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.55 and a debt-to-equity ratio of 8.17. The stock has a fifty day simple moving average of $50.05 and a two-hundred day simple moving average of $51.67. Tempus AI, Inc. has a 12-month low of $22.89 and a 12-month high of $91.45. The stock has a market capitalization of $11.28 billion and a price-to-earnings ratio of -8.40.

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 (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.03. The company had revenue of $255.74 million during the quarter, compared to analysts' expectations of $248.13 million. The firm's revenue was up 75.4% on a year-over-year basis. On average, research analysts anticipate that Tempus AI, Inc. will post -6.15 earnings per share for the current fiscal 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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