Eric Lefkofsky Sells 166,250 Shares of Tempus AI (NASDAQ:TEM) Stock

Tempus AI, Inc. (NASDAQ:TEMGet Free Report) CEO Eric Lefkofsky sold 166,250 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $46.38, for a total transaction of $7,710,675.00. Following the transaction, the chief executive officer directly owned 8,875,033 shares in the company, valued at $411,624,030.54. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tempus AI Price Performance

Shares of NASDAQ:TEM opened at $42.62 on Friday. Tempus AI, Inc. has a one year low of $36.22 and a one year high of $104.32. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of -30.23 and a beta of 5.29. The company has a 50-day simple moving average of $55.11 and a 200-day simple moving average of $69.73. The company has a debt-to-equity ratio of 2.52, a quick ratio of 3.00 and a current ratio of 3.13.

Institutional Investors Weigh In On Tempus AI

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Tempus AI by 201.2% during the 1st quarter. Royal Bank of Canada now owns 25,988 shares of the company’s stock worth $1,253,000 after purchasing an additional 17,359 shares during the period. Rhumbline Advisers acquired a new stake in shares of Tempus AI in the 1st quarter valued at approximately $116,000. Cetera Investment Advisers lifted its holdings in shares of Tempus AI by 18.8% in the 2nd quarter. Cetera Investment Advisers now owns 32,417 shares of the company’s stock valued at $2,060,000 after buying an additional 5,123 shares during the period. Swiss National Bank purchased a new stake in shares of Tempus AI in the second quarter valued at approximately $9,175,000. Finally, Legal & General Group Plc boosted its stake in shares of Tempus AI by 24.4% in the second quarter. Legal & General Group Plc now owns 450,645 shares of the company’s stock valued at $28,634,000 after buying an additional 88,373 shares in the last quarter. Institutional investors and hedge funds own 24.22% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TEM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tempus AI in a research report on Thursday, January 22nd. Canaccord Genuity Group dropped their target price on Tempus AI from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Stifel Nicolaus set a $60.00 price target on Tempus AI in a research note on Wednesday, February 25th. Wall Street Zen downgraded Tempus AI from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Tempus AI in a research report on Wednesday, March 11th. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.62.

View Our Latest Stock Analysis on Tempus AI

Key Headlines Impacting Tempus AI

Here are the key news stories impacting Tempus AI this week:

About Tempus AI

(Get Free Report)

Tempus is a technology-driven healthcare company that applies artificial intelligence and machine learning to clinical and molecular data in order to advance precision medicine. Its primary focus lies in oncology, where the company offers comprehensive genomic profiling, digital pathology services and data-driven insights to inform personalized cancer care. By integrating DNA and RNA sequencing with structured clinical information, Tempus enables clinicians and researchers to identify targeted treatment options for patients based on the genetic characteristics of their tumors.

The company’s core offering centers on a scalable, cloud-based analytics platform that aggregates vast amounts of molecular and clinical data.

Read More

Insider Buying and Selling by Quarter for Tempus AI (NASDAQ:TEM)

Receive News & Ratings for Tempus AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempus AI and related companies with MarketBeat.com's FREE daily email newsletter.