Eric P. Lefkofsky Sells 3,240,234 Shares of Tempus AI, Inc. (NASDAQ:TEM) Stock

Tempus AI, Inc. (NASDAQ:TEM) CEO Eric P. Lefkofsky sold 3,240,234 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $58.75, for a total value of $190,363,747.50. Following the completion of the sale, the chief executive officer now owns 4,895,589 shares of the company’s stock, valued at approximately $287,615,853.75. This represents a 39.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Tempus AI Stock Up 1.6 %

NASDAQ:TEM opened at $56.18 on Friday. The company has a current ratio of 2.69, a quick ratio of 2.55 and a debt-to-equity ratio of 8.17. The stock has a fifty day simple moving average of $52.29 and a 200-day simple moving average of $52.27. Tempus AI, Inc. has a twelve month low of $22.89 and a twelve month high of $91.45.

Analyst Ratings Changes

A number of brokerages recently issued reports on TEM. JPMorgan Chase & Co. downgraded Tempus AI from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $50.00 to $55.00 in a research report on Tuesday. Guggenheim restated a “buy” rating on shares of Tempus AI in a research report on Tuesday. Wolfe Research downgraded Tempus AI from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Bank of America raised their price target on Tempus AI from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, TD Cowen reiterated a “buy” rating and set a $74.00 target price (up from $58.00) on shares of Tempus AI in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.55.

Institutional Trading of Tempus AI

Several institutional investors and hedge funds have recently made changes to their positions in TEM. International Assets Investment Management LLC raised its holdings in shares of Tempus AI by 141,400.0% in the third quarter. International Assets Investment Management LLC now owns 70,750 shares of the company’s stock valued at $4,004,000 after acquiring an additional 70,700 shares in the last quarter. Janney Capital Management LLC bought a new stake in shares of Tempus AI in the third quarter valued at about $385,000. Vestor Capital LLC bought a new stake in shares of Tempus AI in the third quarter valued at about $153,000. ARK Investment Management LLC raised its holdings in shares of Tempus AI by 355.0% in the third quarter. ARK Investment Management LLC now owns 2,378,157 shares of the company’s stock valued at $134,604,000 after acquiring an additional 1,855,459 shares in the last quarter. Finally, Sigma Planning Corp bought a new stake in shares of Tempus AI in the third quarter valued at about $1,323,000. 24.22% of the stock is currently owned by institutional investors.

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.