Tempus AI (NASDAQ:TEM) Trading Down 5.7% After Insider Selling

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

Specifically, CEO Eric P. Lefkofsky sold 187,655 shares of Tempus AI 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 sale, the chief executive officer now owns 9,557,283 shares of the company’s stock, valued at approximately $358,780,403.82. The trade was a 1.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Ryan Fukushima sold 3,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $40.23, for a total value of $140,805.00. Following the completion of the transaction, the chief operating officer now directly owns 1,003,707 shares of the company’s stock, valued at $40,379,132.61. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Tempus AI news, EVP Andrew Polovin sold 1,130 shares of Tempus AI stock in a transaction on Monday, December 16th. The stock was 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. The trade was a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TEM shares. Piper Sandler reissued a “neutral” rating and issued a $70.00 price target (up previously from $40.00) on shares of Tempus AI in a research note on Tuesday, November 12th. Loop Capital increased their target price on shares of Tempus AI from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wolfe Research started coverage on shares of Tempus AI in a research note on Friday, December 13th. They set an “outperform” rating and a $60.00 target price on the stock. Guggenheim began coverage on shares of Tempus AI in a research note on Monday, December 9th. They issued a “buy” rating and a $74.00 price target for the company. Finally, Stifel Nicolaus lowered shares of 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Tempus AI Trading Down 1.8 %

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 business’s 50 day moving average is $51.12.

Institutional Inflows and Outflows

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

About Tempus AI

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.