Telos Corporation $TLS Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its stake in Telos Corporation (NASDAQ:TLS) by 5.3%, now holding 1,351,196 shares valued at approximately $3.21 million.
• Telos CEO John B. Wood sold 200,000 shares at an average price of $6.55, representing a 3.86% decrease in his holdings, while insiders sold a total of 537,544 shares worth $3.58 million over the last three months.
• Analysts have shown optimism about Telos’ future, with several firms raising their price targets, including Wedbush increasing its target from $4.00 to $6.00 and issuing an "outperform" rating.

Acadian Asset Management LLC trimmed its holdings in Telos Corporation (NASDAQ:TLS - Free Report) by 5.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,351,196 shares of the company's stock after selling 75,153 shares during the quarter. Acadian Asset Management LLC owned about 1.84% of Telos worth $3,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Telos by 9.3% in 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. Acuitas Investments LLC acquired a new position in Telos in the first quarter valued at approximately $1,085,000. Nuveen LLC acquired a new position in Telos in the first quarter valued at approximately $457,000. GSA Capital Partners LLP lifted its stake in Telos by 35.1% in the first quarter. GSA Capital Partners LLP now owns 482,171 shares of the company's stock valued at $1,148,000 after buying an additional 125,172 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its stake in Telos by 17.7% in the first quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company's stock valued at $1,107,000 after buying an additional 70,000 shares during the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Telos

In other news, Director Derrick D. Dockery sold 4,500 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $6.87, for a total transaction of $30,915.00. Following the completion of the sale, the director owned 182,600 shares in the company, valued at $1,254,462. This represents a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Maluda sold 52,595 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $6.60, for a total value of $347,127.00. Following the sale, the director owned 185,387 shares of the company's stock, valued at $1,223,554.20. This trade represents a 22.10% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 537,544 shares of company stock valued at $3,579,041. Corporate insiders own 14.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TLS shares. Wedbush boosted their price objective on Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. BMO Capital Markets reiterated a "market perform" rating and issued a $4.50 price objective (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. Wall Street Zen upgraded Telos from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, DA Davidson boosted 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. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.83.

Telos Stock Performance

Shares of Telos stock traded down $0.06 during trading hours on Friday, hitting $6.79. 1,089,846 shares of the company were exchanged, compared to its average volume of 1,117,427. Telos Corporation has a 1 year low of $1.83 and a 1 year high of $7.06. The company has a current ratio of 2.65, a quick ratio of 2.55 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $4.77 and a 200-day moving average of $3.38. The stock has a market capitalization of $493.63 million, a price-to-earnings ratio of -8.82 and a beta of 1.06.

About Telos

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.