Tempus AI, Inc. (NASDAQ:TEM) EVP Erik Phelps Sells 51,317 Shares

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) EVP Erik Phelps sold 51,317 shares of the stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.56, for a total transaction of $3,723,561.52. Following the sale, the executive vice president now owns 97,779 shares of the company's stock, valued at approximately $7,094,844.24. This trade represents a 34.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Erik Phelps also recently made the following trade(s):

• On Tuesday, May 20th, Erik Phelps sold 8,415 shares of Tempus AI stock. The stock was sold at an average price of $63.21, for a total transaction of $531,912.15.

Tempus AI Stock Performance

Shares of TEM opened at $69.10 on Friday. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.71 and a quick ratio of 1.56. Tempus AI, Inc. has a one year low of $22.89 and a one year high of $91.45. The stock has a 50-day moving average of $58.21 and a 200-day moving average of $52.66. The company has a market cap of $11.96 billion and a PE ratio of -8.86.

Tempus AI (NASDAQ:TEM - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.03. Tempus AI had a negative return on equity of 533.21% and a negative net margin of 88.27%. The firm had revenue of $255.74 million during the quarter, compared to analysts' expectations of $248.13 million. The company's revenue for the quarter was up 75.4% compared to the same quarter last year. On average, equities research analysts predict that Tempus AI, Inc. will post -6.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TEM shares. Bank of America increased their price target on Tempus AI from $48.00 to $68.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Guggenheim reaffirmed a "buy" rating on shares of Tempus AI in a research note on Tuesday, February 25th. Morgan Stanley raised their target price on Tempus AI from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. William Blair reaffirmed a "market perform" rating on shares of Tempus AI in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. cut Tempus AI from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $50.00 to $55.00 in a research note on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $63.42.

Institutional Trading of Tempus AI

Several hedge funds have recently bought and sold shares of TEM. ARK Investment Management LLC grew its holdings in shares of Tempus AI by 35.9% during the first quarter. ARK Investment Management LLC now owns 7,501,399 shares of the company's stock valued at $361,867,000 after buying an additional 1,981,755 shares during the last quarter. Vanguard Group Inc. boosted its stake in Tempus AI by 6,247.5% during the 1st quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company's stock valued at $289,204,000 after purchasing an additional 5,900,668 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Tempus AI by 31.5% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 4,260,553 shares of the company's stock valued at $205,401,000 after purchasing an additional 1,021,460 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in Tempus AI by 31.4% during 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 purchasing an additional 1,016,384 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Tempus AI by 240.5% during the 4th quarter. Franklin Resources Inc. now owns 2,762,173 shares of the company's stock valued at $93,251,000 after purchasing an additional 1,950,862 shares during the last quarter. Institutional investors and hedge funds 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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