Tempus AI director Frederick Wayne sells $136,620 in stock

Frederick Wayne A.I., a director at Tempus AI , Inc. (NASDAQ:TEM), recently sold 3,000 shares of Class A common stock. The company, currently valued at $8.17 billion, has seen its stock surge nearly 40% year-to-date according to InvestingPro data. The transaction, which took place on March 31, was executed at a price of $45.54 per share, totaling $136,620. Following this sale, Wayne retains ownership of 26,514 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan, which was adopted on September 12, 2024. While the stock has faced recent pressure, dropping 11% in the past week, InvestingPro analysis shows the company maintains a healthy liquidity position with a current ratio of 2.29, indicating strong ability to meet short-term obligations. InvestingPro subscribers have access to 8 additional key insights about TEM’s financial health and valuation metrics.

In other recent news, Tempus AI reported a robust 35.8% increase in revenue for the fourth quarter of 2024, reaching $700 million. However, the earnings per share (EPS) was negative at -0.18. Tempus AI has raised its revenue guidance for 2025 to approximately $1.24 billion, including contributions from its recent acquisition of Ambry Genetics. Stifel analysts maintained their Hold rating on Tempus AI, noting a $65 price target, while JPMorgan downgraded the stock from Overweight to Neutral but raised the price target to $55. Tempus AI also announced the acquisition of Deep 6 AI, aimed at enhancing its capabilities in AI-driven research platforms. This acquisition is expected to expand Tempus’s network and improve its existing applications. Despite facing some growth challenges, the company remains optimistic about its core business, projecting a 30% year-over-year growth driven by its diagnostic laboratory tests and genomics sector advancements.

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