Tempus AI (NASDAQ:TEM) Shares Down 5.7% Following Insider Selling

Tempus AI, Inc. (NASDAQ:TEM) shares traded down 5.7% on Monday after an insider sold shares in the company. The stock traded as low as $33.42 and last traded at $33.53. 1,226,691 shares traded hands during trading, a decline of 22% from the average session volume of 1,575,843 shares. The stock had previously closed at $35.54.

Specifically, CEO Eric P. Lefkofsky sold 187,655 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $37.54, for a total transaction of $7,044,568.70. Following the completion of the transaction, the chief executive officer now owns 9,557,283 shares in the company, valued at $358,780,403.82. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Ryan Fukushima sold 3,500 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $40.23, for a total value of $140,805.00. Following the transaction, the chief operating officer now owns 1,003,707 shares of the company’s stock, valued at $40,379,132.61. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, EVP Andrew Polovin sold 1,130 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $40.23, for a total transaction of $45,459.90. Following the sale, the executive vice president now owns 244,955 shares of the company’s stock, valued at $9,854,539.65. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Piper Sandler restated a “neutral” rating and set a $70.00 target price (up from $40.00) on shares of Tempus AI in a research report on Tuesday, November 12th. Stifel Nicolaus lowered Tempus AI from a “buy” rating to a “hold” rating and raised their price objective for the company from $45.00 to $65.00 in a research note on Monday, November 11th. Wolfe Research started coverage on Tempus AI in a research report on Friday, December 13th. They set an “outperform” rating and a $60.00 target price on the stock. Loop Capital lifted their price objective on shares of Tempus AI from $48.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Bank of America boosted their price objective on shares of Tempus AI from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Tempus AI Stock Performance

The stock’s 50-day moving average is $51.44. The company has a debt-to-equity ratio of 8.17, a quick ratio of 2.55 and a current ratio of 2.69.

Institutional Trading of Tempus AI

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. increased its position in Tempus AI by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 811,311 shares of the company’s stock valued at $45,920,000 after buying an additional 8,387 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Tempus AI during the third quarter valued at about $7,633,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Tempus AI by 6.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 126,500 shares of the company’s stock valued at $7,160,000 after acquiring an additional 7,500 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Tempus AI by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 133,171 shares of the company’s stock valued at $7,537,000 after purchasing an additional 539 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Tempus AI during the 3rd quarter worth approximately $502,000. Hedge funds and other institutional investors own 24.22% of the company’s stock.

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.