Frontier Capital Management Co. LLC Acquires 663,018 Shares of Tempus AI, Inc. (NASDAQ:TEM)

Frontier Capital Management Co. LLC raised its holdings in Tempus AI, Inc. (NASDAQ:TEM - Free Report) by 236.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 943,718 shares of the company's stock after purchasing an additional 663,018 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.60% of Tempus AI worth $31,860,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Circle Wealth Management LLC acquired a new position in shares of Tempus AI in the 4th quarter valued at approximately $253,000. Crestline Management LP acquired a new position in shares of Tempus AI in the 4th quarter valued at approximately $675,000. Brevan Howard Capital Management LP acquired a new position in shares of Tempus AI in the 4th quarter valued at approximately $682,000. Captrust Financial Advisors raised its position in shares of Tempus AI by 18.7% in the 4th quarter. Captrust Financial Advisors now owns 57,182 shares of the company's stock valued at $1,930,000 after buying an additional 9,012 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Tempus AI by 514.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 41,501 shares of the company's stock valued at $1,401,000 after buying an additional 34,751 shares in the last quarter. Institutional investors own 24.22% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TEM. Piper Sandler lowered their price objective on shares of Tempus AI from $70.00 to $55.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut shares of Tempus AI from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $50.00 to $55.00 in a research report on Tuesday, February 25th. Needham & Company LLC reiterated a "buy" rating and set a $70.00 price objective on shares of Tempus AI in a research report on Wednesday. Bank of America upped their price objective on shares of Tempus AI from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Guggenheim reiterated a "buy" rating on shares of Tempus AI in a research report on Tuesday, February 25th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.50.

Insider Transactions at Tempus AI

In related news, Director Nadja West sold 809 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $41,347.99. Following the transaction, the director now directly owns 37,705 shares of the company's stock, valued at $1,927,102.55. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric P. Lefkofsky sold 3,240,234 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $58.75, for a total transaction of $190,363,747.50. Following the transaction, the chief executive officer now directly owns 4,895,589 shares in the company, valued at approximately $287,615,853.75. This represents a 39.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,237,561 shares of company stock worth $251,210,331 over the last three months. 27.60% of the stock is owned by company insiders.

Tempus AI Trading Down 5.9%

TEM traded down $3.88 during trading on Friday, reaching $61.34. 15,472,133 shares of the company's stock were exchanged, compared to its average volume of 6,015,116. The firm has a fifty day moving average price of $48.39 and a two-hundred day moving average price of $51.05. The company has a current ratio of 2.69, a quick ratio of 2.55 and a debt-to-equity ratio of 8.17. Tempus AI, Inc. has a one year low of $22.89 and a one year high of $91.45. The stock has a market capitalization of $10.56 billion and a PE ratio of -7.86.

Tempus AI (NASDAQ:TEM - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.03. The firm had revenue of $255.74 million for the quarter, compared to analyst estimates of $248.13 million. The company's revenue was up 75.4% compared to the same quarter last year. As a group, equities research analysts forecast that Tempus AI, Inc. will post -6.15 earnings per share for the current fiscal year.

Tempus AI 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.