4,258 Shares in Tempus AI, Inc. $TEM Acquired by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Tempus AI, Inc. (NASDAQ:TEM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,258 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. RFG Advisory LLC lifted its position in shares of Tempus AI by 19.9% during the 2nd quarter. RFG Advisory LLC now owns 45,372 shares of the company’s stock worth $2,883,000 after buying an additional 7,530 shares during the period. Axxcess Wealth Management LLC raised its position in Tempus AI by 6.2% in the 2nd quarter. Axxcess Wealth Management LLC now owns 8,190 shares of the company’s stock valued at $520,000 after purchasing an additional 481 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Tempus AI in the 2nd quarter valued at $214,000. Concord Wealth Partners raised its position in Tempus AI by 308.0% in the 2nd quarter. Concord Wealth Partners now owns 408 shares of the company’s stock valued at $26,000 after purchasing an additional 308 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Tempus AI in the 2nd quarter valued at $666,000. Institutional investors own 24.22% of the company’s stock.

Insider Activity at Tempus AI

In other news, Director Theodore Leonsis sold 44,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $69.90, for a total transaction of $3,075,600.00. Following the completion of the transaction, the director directly owned 86,756 shares of the company’s stock, valued at $6,064,244.40. This represents a 33.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Polovin sold 5,398 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $402,960.70. Following the transaction, the executive vice president directly owned 132,056 shares of the company’s stock, valued at $9,857,980.40. This represents a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 933,662 shares of company stock valued at $68,070,993 over the last ninety days. Company insiders own 26.27% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TEM shares. HC Wainwright lifted their price objective on Tempus AI from $90.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 12th. TD Cowen downgraded Tempus AI from a “buy” rating to a “hold” rating and set a $88.00 price objective for the company. in a research report on Tuesday. Cowen downgraded Tempus AI from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley boosted their target price on Tempus AI from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Finally, BTIG Research boosted their target price on Tempus AI from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.85.

Tempus AI Stock Down 3.6%

Shares of Tempus AI stock opened at $89.10 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.54 and a debt-to-equity ratio of 2.58. Tempus AI, Inc. has a 12 month low of $31.36 and a 12 month high of $104.32. The business has a fifty day simple moving average of $83.27 and a 200 day simple moving average of $66.88. The stock has a market cap of $15.48 billion, a PE ratio of -74.87 and a beta of 4.87.

Tempus AI (NASDAQ:TEM) last posted its earnings results on Friday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.01. Tempus AI had a negative return on equity of 122.86% and a negative net margin of 20.98%.The firm had revenue of $314.64 million during the quarter, compared to analysts’ expectations of $296.84 million. During the same period in the previous year, the firm earned ($6.86) earnings per share. The company’s revenue was up 89.5% on a year-over-year basis. Tempus AI has set its FY 2025 guidance at EPS. Research analysts predict that Tempus AI, Inc. will post -6.15 EPS for the current year.

Tempus AI 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.