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In a recent transaction reported to the Securities and Exchange Commission, Jennifer Doudna, a director at Tempus AI , Inc. (NASDAQ:TEM), sold a portion of her holdings in the company. According to the filing, Doudna disposed of 338 shares of Tempus AI’s Class A Common Stock at a price of $57.52 per share, totaling $19,441. The sale comes amid a challenging period for TEM’s stock, which has declined over 15% in the past week, according to InvestingPro data.
This sale was conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks to avoid concerns about insider trading. Following this transaction, Doudna retains ownership of 35,673 shares in the company. InvestingPro analysis indicates that while Tempus AI maintains strong liquidity with a current ratio of 2.29, the stock appears overvalued based on their proprietary Fair Value model. Discover more insights and 8 additional ProTips for TEM through InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.
In other recent news, Tempus AI Inc reported a substantial 35.8% increase in revenue for the fourth quarter of 2024, reaching $700 million. Despite this growth, the company’s earnings per share were -0.18, a factor that may have influenced investor sentiment. Tempus AI also completed the acquisition of Ambry Genetics and launched the Olivia AI personal health app, indicating strategic moves to enhance its market position. JPMorgan analysts downgraded Tempus AI’s stock from Overweight to Neutral, although they raised the price target to $55, citing a slight revenue shortfall in non-core business areas. Meanwhile, Stifel analysts maintained a Hold rating with a $65 price target, noting the company’s robust revenue growth and fair market valuation. Tempus AI has projected a revenue of $1.24 billion for 2025, with expectations of over 30% growth in its core business. The company anticipates an adjusted EBITDA of $5 million for the current year, highlighting its focus on increasing profitability. These developments reflect Tempus AI’s ongoing efforts to strengthen its financial performance and expand its operational capabilities.
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