Pinnacle Associates Ltd. reduced its holdings in shares of Telos Corporation (NASDAQ:TLS – Free Report) by 8.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,938,272 shares of the company’s stock after selling 177,966 shares during the period. Pinnacle Associates Ltd.’s holdings in Telos were worth $9,885,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in shares of Telos in the fourth quarter valued at about $26,000. Penserra Capital Management LLC acquired a new position in Telos in the 3rd quarter valued at about $42,000. CWM LLC raised its stake in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after acquiring an additional 4,541 shares during the last quarter. New York State Common Retirement Fund raised its stake in Telos by 683.3% during the 3rd quarter. New York State Common Retirement Fund now owns 9,400 shares of the company’s stock valued at $64,000 after acquiring an additional 8,200 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in Telos during the 4th quarter worth approximately $63,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.
Telos Price Performance
Shares of NASDAQ:TLS opened at $4.23 on Friday. Telos Corporation has a 52 week low of $2.37 and a 52 week high of $8.36. The company has a 50-day moving average price of $4.29 and a 200 day moving average price of $5.05. The company has a market cap of $316.49 million, a P/E ratio of -12.09 and a beta of 0.95. The company has a quick ratio of 2.57, a current ratio of 2.59 and a debt-to-equity ratio of 0.05.
Insider Transactions at Telos
In other Telos news, EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $4.02, for a total value of $259,398.54. Following the completion of the sale, the executive vice president owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 105,723 shares of company stock valued at $425,292 in the last three months. Corporate insiders own 14.90% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on TLS shares. Wedbush dropped their target price on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. Finally, BMO Capital Markets dropped their price objective on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Telos presently has a consensus rating of “Hold” and an average target price of $7.38.
View Our Latest Stock Analysis on Telos
Telos Company Profile
Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.
Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.
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