Tempus AI, Inc. (NASDAQ:TEM - Get Free Report) CEO Eric P. Lefkofsky sold 187,655 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $37.54, for a total transaction of $7,044,568.70. Following the sale, the chief executive officer now directly owns 9,557,283 shares of the company's stock, valued at $358,780,403.82. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Tempus AI Stock Performance
NASDAQ TEM opened at $35.54 on Friday. The firm's fifty day simple moving average is $51.70. Tempus AI, Inc. has a 1 year low of $22.89 and a 1 year high of $79.49. The company has a debt-to-equity ratio of 8.17, a current ratio of 2.69 and a quick ratio of 2.55.
Institutional Trading of Tempus AI
Several hedge funds and other institutional investors have recently bought and sold shares of TEM. First Horizon Advisors Inc. purchased a new stake in Tempus AI during the third quarter worth $30,000. Sandia Investment Management LP purchased a new stake in shares of Tempus AI during the 2nd quarter worth about $136,000. Vestor Capital LLC acquired a new stake in shares of Tempus AI during the 3rd quarter valued at about $153,000. Stifel Financial Corp purchased a new position in shares of Tempus AI in the 3rd quarter valued at about $218,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Tempus AI during the third quarter worth approximately $258,000. 24.22% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
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Several brokerages have recently commented on TEM. Bank of America increased their price objective on Tempus AI from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, December 13th. Loop Capital increased their price target on Tempus AI from $48.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Wolfe Research began coverage on Tempus AI in a research note on Friday, December 13th. They set an "outperform" rating and a $60.00 price target on the stock. Stifel Nicolaus lowered shares of Tempus AI from a "buy" rating to a "hold" rating and increased their price objective for the company from $45.00 to $65.00 in a research report on Monday, November 11th. Finally, Guggenheim began coverage on shares of Tempus AI in a research report on Monday, December 9th. They set a "buy" rating and a $74.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.00.
Get Our Latest Stock Report on TEM
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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