On the number of 4-cycles in a tournament

If $T$ is an $n$-vertex tournament with a given number of $3$-cycles, what can be said about the number of its $4$-cycles? The most interesting range of this problem is where $T$ is assumed to have $c\cdot n^3$ cyclic triples for some $c>0$ and we seek to minimize the number of $4$-cycles. We conjecture that the (asymptotic) minimizing $T$ is a random blow-up of a constant-sized transitive tournament. Using the method of flag algebras, we derive a lower bound that almost matches the conjectured value. We are able to answer the easier problem of maximizing the number of $4$-cycles. These questions can be equivalently stated in terms of transitive subtournaments. Namely, given the number of transitive triples in $T$, how many transitive quadruples can it have? As far as we know, this is the first study of inducibility in tournaments.