Goldman Sachs Group Inc. Has $334,000 Stock Holdings in Telos Corporation $TLS

Key Points

• Goldman Sachs Group Inc. reduced its stake in Telos Corporation by 44.1%, now holding 140,413 shares valued at $334,000.
• Several other hedge funds made significant changes to their Telos positions, with NBC Securities Inc. dramatically increasing its stake by over 100,000%.
• Insider trading activities revealed substantial share sales, including a 25,000 share sale by Director Bradley W. Jacobs, indicating changes in corporate ownership dynamics.

Goldman Sachs Group Inc. decreased its stake in shares of Telos Corporation (NASDAQ:TLS - Free Report) by 44.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,413 shares of the company's stock after selling 110,954 shares during the period. Goldman Sachs Group Inc. owned 0.19% of Telos worth $334,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TLS. NBC Securities Inc. lifted its stake in Telos by 100,808.3% in the first quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after buying an additional 12,097 shares during the period. OLD Mission Capital LLC bought a new stake in Telos during the first quarter worth approximately $30,000. AQR Capital Management LLC purchased a new stake in Telos during the first quarter worth $39,000. NewEdge Advisors LLC raised its stake in Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock worth $43,000 after acquiring an additional 4,000 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Telos by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 15,512 shares of the company's stock valued at $53,000 after buying an additional 5,105 shares in the last quarter. 62.14% of the stock is owned by institutional investors.

Telos Stock Down 1.8%

Shares of NASDAQ TLS opened at $6.91 on Friday. 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 firm has a market capitalization of $502.36 million, a price-to-earnings ratio of -8.97 and a beta of 1.06. The business has a 50-day moving average of $5.19 and a 200-day moving average of $3.53. Telos Corporation has a 12 month low of $1.83 and a 12 month high of $7.29.

Insider Activity

In other news, Director Bradley W. Jacobs sold 25,000 shares of the company's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $6.26, for a total value of $156,500.00. Following the sale, the director owned 188,293 shares in the company, valued at $1,178,714.18. This represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Fredrick Schaufeld sold 255,449 shares of Telos stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.79, for a total value of $1,734,498.71. Following the sale, the director directly owned 1,338,698 shares of the company's stock, valued at $9,089,759.42. This trade represents a 16.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 537,544 shares of company stock worth $3,579,041 over the last ninety days. 14.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Telos 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.

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