Tempus AI (NASDAQ:TEM) Stock Price Down 1.8% Following Insider Selling

Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) traded down 1.8% during trading on Friday after an insider sold shares in the company. The company traded as low as $67.35 and last traded at $67.88. 2,939,532 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 7,044,291 shares. The stock had previously closed at $69.10.

Specifically, EVP Erik Phelps sold 51,317 shares of the firm's stock in a transaction on Monday, June 16th. The shares were 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 directly owns 97,779 shares in the company, valued at $7,094,844.24. This trade represents a 34.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

A number of equities research analysts have commented on TEM shares. William Blair reissued a "market perform" rating on shares of Tempus AI in a report on Tuesday, February 25th. Bank of America lifted their price objective on shares of Tempus AI from $48.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lowered shares of Tempus AI from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $50.00 to $55.00 in a research report on Tuesday, February 25th. Guggenheim reiterated a "buy" rating on shares of Tempus AI in a report on Tuesday, February 25th. Finally, BTIG Research assumed coverage on shares of Tempus AI in a research note on Monday, April 21st. They issued a "buy" rating and a $60.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.42.

Tempus AI Stock Down 0.5%

The company has a quick ratio of 1.56, a current ratio of 1.71 and a debt-to-equity ratio of 2.45. The company has a 50 day simple moving average of $58.21 and a two-hundred day simple moving average of $52.66. The company has a market capitalization of $11.90 billion and a P/E ratio of -8.79.

Tempus AI (NASDAQ:TEM - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping 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 company had revenue of $255.74 million during the quarter, compared to the consensus estimate of $248.13 million. Tempus AI's quarterly revenue was up 75.4% on a year-over-year basis. As a group, equities analysts predict that Tempus AI, Inc. will post -6.15 EPS for the current year.

Hedge Funds Weigh In On Tempus AI

Large investors have recently made changes to their positions in the company. ARK Investment Management LLC lifted its stake in Tempus AI by 35.9% in 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 last quarter. Vanguard Group Inc. grew its position in Tempus AI by 6,247.5% in the 1st quarter. Vanguard Group Inc. now owns 5,995,117 shares of the company's stock valued at $289,204,000 after acquiring an additional 5,900,668 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in Tempus AI by 31.5% in 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. lifted its position in shares of 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 last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Tempus AI by 240.5% during the fourth quarter. Franklin Resources Inc. now owns 2,762,173 shares of the company's stock worth $93,251,000 after purchasing an additional 1,950,862 shares during the last quarter. 24.22% of the stock is owned by hedge funds and other institutional investors.

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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