Ark Invest Buys $11.4M of Tempus AI as Shares Dip 7.3%
Ark Invest acquired 212,825 Tempus AI shares worth $11.4 million after shares fell 7.3% to $53.71 post-Q4 report showing a $0.04 per-share loss. TEM's shares are down 50% from highs despite 33% organic revenue growth and higher Diagnostics test ASPs.
1. Ark Invest Purchase Details
Ark Invest’s ARKK and ARKG ETFs acquired 212,825 Tempus AI shares valued at $11.4 million at Wednesday’s closing price of $53.71, marking a significant institutional purchase following the recent share decline.
2. Q4 Earnings and Share Movement
Tempus AI reported a fourth-quarter loss of $0.04 per share in line with estimates and delivered revenue above forecasts, yet its stock dropped 7.3% as investors reacted to mixed results.
3. Organic Growth and Diagnostics Revenue
In the fourth quarter, Tempus AI achieved 33% organic revenue growth driven by higher average selling prices for Diagnostics tests, but the stock remains down 50% from its peak amid sector volatility.