Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 12,338,586 shares changed hands during trading, an increase of 5% from the previous session's volume of 11,781,585 shares.The stock last traded at $74.17 and had previously closed at $68.36.
Wall Street Analysts Forecast Growth
TEM has been the topic of several recent analyst reports. Wolfe Research assumed coverage on shares of Tempus AI in a report on Friday, December 13th. They issued an "outperform" rating and a $60.00 target price on the stock. Loop Capital dropped their price objective on Tempus AI from $57.00 to $52.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Stifel Nicolaus lowered Tempus AI from a "buy" rating to a "hold" rating and upped their target price for the company from $45.00 to $65.00 in a research report on Monday, November 11th. Piper Sandler reiterated a "neutral" rating and issued a $70.00 target price (up from $40.00) on shares of Tempus AI in a report on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $56.00 target price on shares of Tempus AI in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Tempus AI currently has an average rating of "Moderate Buy" and a consensus target price of $58.55.
Check Out Our Latest Stock Analysis on Tempus AI
Tempus AI Trading Up 4.2 %
The company has a debt-to-equity ratio of 8.17, a quick ratio of 2.55 and a current ratio of 2.69. The stock's fifty day simple moving average is $44.89 and its 200-day simple moving average is $49.56.
Insider Transactions at Tempus AI
In related news, CEO Eric P. Lefkofsky sold 476,209 shares of Tempus AI stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $49.84, for a total value of $23,734,256.56. Following the sale, the chief executive officer now owns 6,502,643 shares of the company's stock, valued at approximately $324,091,727.12. The trade was a 6.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bradley A. Keywell sold 265,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $35.10, for a total value of $9,301,500.00. Following the transaction, the insider now directly owns 15,218,365 shares of the company's stock, valued at approximately $534,164,611.50. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,229,449 shares of company stock worth $102,293,124 in the last 90 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. ARK Investment Management LLC raised its holdings in Tempus AI by 132.1% during the 4th quarter. ARK Investment Management LLC now owns 5,519,644 shares of the company's stock valued at $186,343,000 after acquiring an additional 3,141,487 shares during the period. NEA Management Company LLC raised its stake in shares of Tempus AI by 17.8% during the 3rd quarter. NEA Management Company LLC now owns 5,385,979 shares of the company's stock valued at $304,846,000 after purchasing an additional 813,169 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Tempus AI by 166.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,239,093 shares of the company's stock valued at $109,352,000 after purchasing an additional 2,021,394 shares during the period. Nikko Asset Management Americas Inc. lifted its holdings in Tempus AI by 166.0% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 3,239,093 shares of the company's stock worth $109,352,000 after purchasing an additional 2,021,394 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Tempus AI by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 811,311 shares of the company's stock worth $45,920,000 after purchasing an additional 8,387 shares during the period. Hedge funds and other institutional investors own 24.22% of the company's stock.
Tempus AI Company Profile
(
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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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