Globeflex Capital L P acquired a new position in shares of Telos Corporation (NASDAQ:TLS – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 290,386 shares of the company’s stock, valued at approximately $1,336,000. Globeflex Capital L P owned approximately 0.39% of Telos at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Weber Capital Management LLC ADV purchased a new position in shares of Telos during the 4th quarter worth $9,152,000. Two Sigma Investments LP lifted its position in Telos by 322.9% during the third quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after buying an additional 693,716 shares during the period. Jane Street Group LLC acquired a new stake in Telos in the 2nd quarter worth about $1,801,000. Marshall Wace LLP grew its holdings in Telos by 161.6% in the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after buying an additional 562,878 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Telos during the 4th quarter valued at about $2,494,000. Institutional investors and hedge funds own 62.14% of the company’s stock.
Telos Stock Performance
Telos stock opened at $4.38 on Tuesday. Telos Corporation has a 52 week low of $3.79 and a 52 week high of $8.36. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The stock has a market cap of $327.36 million, a P/E ratio of -20.86 and a beta of 1.00. The stock has a 50 day moving average of $4.57 and a 200-day moving average of $4.44.
Wall Street Analysts Forecast Growth
TLS has been the topic of several research reports. Weiss Ratings lowered Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Needham & Company LLC assumed coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.10.
Check Out Our Latest Report on TLS
Insider Activity at Telos
In other news, Director Bradley W. Jacobs sold 55,772 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the transaction, the director directly owned 166,612 shares in the company, valued at approximately $718,097.72. The trade was a 25.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary Mark Bendza sold 97,976 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the transaction, the executive vice president owned 817,148 shares of the company’s stock, valued at $3,423,850.12. This trade represents a 10.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 343,772 shares of company stock worth $1,487,388 in the last 90 days. 14.90% of the stock is currently owned by company insiders.
About Telos
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.
Featured Articles
- Five stocks we like better than Telos
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding TLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telos Corporation (NASDAQ:TLS – Free Report).
Receive News & Ratings for Telos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telos and related companies with MarketBeat.com's FREE daily email newsletter.
