Telos (NASDAQ:TLS) Director Fredrick Schaufeld Sells 255,449 Shares

Telos Corporation (NASDAQ:TLS) Director Fredrick Schaufeld sold 255,449 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.79, for a total transaction of $1,734,498.71. Following the completion of the transaction, the director owned 1,338,698 shares in the company, valued at approximately $9,089,759.42. The trade was a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Telos Trading Down 3.0%

Telos stock opened at $6.74 on Friday. The firm’s 50-day moving average is $4.40 and its 200-day moving average is $3.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. Telos Corporation has a 1 year low of $1.83 and a 1 year high of $7.06. The company has a market cap of $490.02 million, a P/E ratio of -8.75 and a beta of 1.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Telos by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock valued at $17,097,000 after purchasing an additional 611,978 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Telos by 1.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 855,896 shares of the company’s stock worth $2,927,000 after buying an additional 16,041 shares during the last quarter. Jane Street Group LLC bought a new stake in Telos in the 2nd quarter valued at $1,801,000. Acuitas Investments LLC boosted its holdings in Telos by 14.3% in the 2nd quarter. Acuitas Investments LLC now owns 521,413 shares of the company’s stock valued at $1,653,000 after purchasing an additional 65,356 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Telos by 35.1% in the 1st quarter. GSA Capital Partners LLP now owns 482,171 shares of the company’s stock valued at $1,148,000 after purchasing an additional 125,172 shares during the period. 62.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Wedbush boosted their price target on shares of Telos from $4.00 to $6.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. BMO Capital Markets restated a “market perform” rating and set a $4.50 price target (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. Finally, DA Davidson lifted their price objective on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Telos presently has an average rating of “Hold” and a consensus target price of $4.83.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.