Telos (NASDAQ:TLS) Director Fredrick Schaufeld Sells 255,449 Shares

Key Points

• Telos Corporation Director Fredrick Schaufeld sold 255,449 shares for approximately $1.73 million, decreasing his ownership by 16.02%.
• Telos shares traded at $6.74 with a recent market cap of $490 million and a consensus rating of "Hold" from analysts.
• Several hedge funds have recently increased their positions in Telos, indicating a growing interest, with 62.14% of the stock owned by institutional investors.

Telos Corporation (NASDAQ:TLS - Get Free Report) Director Fredrick Schaufeld sold 255,449 shares of the company's stock in a transaction on 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 completion of the sale, the director owned 1,338,698 shares of the company's stock, valued at $9,089,759.42. This represents a 16.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Telos Stock Down 1.2%

NASDAQ:TLS traded down $0.08 during mid-day trading on Wednesday, reaching $6.59. The company's stock had a trading volume of 984,885 shares, compared to its average volume of 1,211,844. The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. Telos Corporation has a 1 year low of $1.83 and a 1 year high of $7.06. The stock has a fifty day moving average of $4.61 and a 200-day moving average of $3.33. The firm has a market capitalization of $479.09 million, a PE ratio of -8.56 and a beta of 1.06.

Analyst Ratings Changes

A number of brokerages recently commented on TLS. Wedbush boosted their price objective on shares of Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. 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 report on Tuesday, August 12th. Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, DA Davidson raised their price target on shares of Telos from $2.25 to $4.00 and gave the company a "neutral" rating in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $4.83.

Institutional Trading of Telos

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

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.