Tempus AI, Inc.'s Lock-Up Period Set To End on December 11th (NASDAQ:TEM)

Tempus AI's (NASDAQ:TEM - Get Free Report) lock-up period is set to end on Wednesday, December 11th. Tempus AI had issued 11,100,000 shares in its initial public offering on June 14th. The total size of the offering was $410,700,000 based on an initial share price of $37.00. After the expiration of Tempus AI's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

A number of research firms have recently issued reports on TEM. Loop Capital lifted their target price on shares of Tempus AI from $48.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Piper Sandler restated a "neutral" rating and issued a $70.00 price objective (up previously from $40.00) on shares of Tempus AI in a research report on Tuesday, November 12th. Bank of America cut shares of Tempus AI from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $45.00 to $60.00 in a research report on Wednesday, October 2nd. Needham & Company LLC restated a "buy" rating and issued a $47.00 price objective on shares of Tempus AI in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Tempus AI from $42.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.22.

Tempus AI Stock Up 3.0 %

Tempus AI stock traded up $1.70 during trading hours on Wednesday, hitting $57.99. The company had a trading volume of 1,493,666 shares, compared to its average volume of 1,199,152. 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 has a one year low of $22.89 and a one year high of $79.49. The business's 50-day moving average is $53.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. NEA Management Company LLC acquired a new stake in shares of Tempus AI during the 2nd quarter worth approximately $160,048,000. Novo Holdings A S acquired a new stake in shares of Tempus AI during the 2nd quarter worth approximately $142,605,000. Revolution Growth Management Company Inc. acquired a new stake in shares of Tempus AI during the 2nd quarter worth approximately $128,133,000. ARK Investment Management LLC boosted its position in shares of Tempus AI by 355.0% during the 3rd quarter. ARK Investment Management LLC now owns 2,378,157 shares of the company's stock worth $134,604,000 after acquiring an additional 1,855,459 shares in the last quarter. Finally, Alphabet Inc. acquired a new stake in shares of Tempus AI during the 2nd quarter worth approximately $54,289,000.

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.