8,702 Shares in Tempus AI, Inc. (NASDAQ:TEM) Acquired by Rakuten Securities Inc.

Rakuten Securities Inc. purchased a new position in Tempus AI, Inc. (NASDAQ:TEM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,702 shares of the company's stock, valued at approximately $294,000.

Several other hedge funds have also made changes to their positions in TEM. First Horizon Advisors Inc. acquired a new stake in Tempus AI in the 3rd quarter valued at approximately $30,000. Farther Finance Advisors LLC acquired a new stake in Tempus AI in the 4th quarter valued at approximately $34,000. FNY Investment Advisers LLC acquired a new stake in Tempus AI in the 4th quarter valued at approximately $67,000. IFP Advisors Inc acquired a new stake in Tempus AI in the 4th quarter valued at approximately $76,000. Finally, US Bancorp DE acquired a new stake in Tempus AI in the 4th quarter valued at approximately $80,000. Institutional investors own 24.22% of the company's stock.

Insider Transactions at Tempus AI

In other news, CFO James William Rogers sold 1,468 shares of Tempus AI stock in a transaction on Monday, December 16th. The stock was sold at an average price of $40.23, for a total transaction of $59,057.64. Following the transaction, the chief financial officer now owns 229,812 shares in the company, valued at approximately $9,245,336.76. The trade was a 0.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Ryan M. Bartolucci sold 13,770 shares of Tempus AI stock in a transaction on Friday, January 31st. The shares were sold at an average price of $60.00, for a total value of $826,200.00. Following the transaction, the chief accounting officer now owns 57,237 shares in the company, valued at $3,434,220. This represents a 19.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,755,906 shares of company stock valued at $322,788,693 over the last three months.

Tempus AI Price Performance

Shares of Tempus AI stock opened at $45.58 on Wednesday. The stock's fifty day moving average is $54.52 and its 200-day moving average is $52.17. The company has a quick ratio of 2.55, a current ratio of 2.69 and a debt-to-equity ratio of 8.17. Tempus AI, Inc. has a 12-month low of $22.89 and a 12-month high of $91.45.

Analysts Set New Price Targets

Several analysts recently commented on TEM shares. Wolfe Research cut Tempus AI from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Bank of America boosted their price objective on Tempus AI from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. downgraded Tempus AI from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $50.00 to $55.00 in a research note on Tuesday, February 25th. Guggenheim reissued a "buy" rating on shares of Tempus AI in a research note on Tuesday, February 25th. Finally, Needham & Company LLC boosted their price objective on Tempus AI from $56.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tempus AI has an average rating of "Moderate Buy" and a consensus target price of $61.18.

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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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