Insider Selling: Telos (NASDAQ:TLS) CEO Sells 200,000 Shares of Stock

Telos Corporation (NASDAQ:TLS - Get Free Report) CEO John Wood sold 200,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $6.55, for a total value of $1,310,000.00. Following the completion of the sale, the chief executive officer directly owned 4,984,365 shares in the company, valued at $32,647,590.75. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Telos Stock Down 4.6%

Telos stock opened at $6.27 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65. The firm has a market capitalization of $455.83 million, a price-to-earnings ratio of -8.14 and a beta of 1.06. Telos Corporation has a fifty-two week low of $1.83 and a fifty-two week high of $6.90. The stock's fifty day moving average is $4.05 and its two-hundred day moving average is $3.14.

Analysts Set New Price Targets

Several analysts have weighed in on TLS shares. Wedbush upped their target price on Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a report on Tuesday, August 12th. Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. DA Davidson increased their price objective on Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 price objective (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Telos presently has an average rating of "Hold" and an average target price of $4.83.

Read Our Latest Stock Analysis on Telos

Institutional Trading of Telos

A number of hedge funds have recently added to or reduced their stakes in TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Telos by 100.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company's stock worth $22,469,000 after buying an additional 3,296,586 shares during the last quarter. Jane Street Group LLC acquired a new stake in Telos in the 2nd quarter worth about $1,801,000. Acuitas Investments LLC acquired a new stake in Telos in the 1st quarter worth about $1,085,000. Marshall Wace LLP raised its holdings in shares of Telos by 681.9% in the 2nd quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock worth $1,104,000 after purchasing an additional 303,726 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in shares of Telos in the 2nd quarter worth about $792,000. 62.14% of the stock is owned by institutional investors and hedge funds.

About Telos

(Get Free Report)

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.

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