Telos (NASDAQ:TLS) Director Sells $156,500.00 in Stock

Key Points

• Bradley Jacobs, a director at Telos Corporation, sold 25,000 shares of stock for a total of $156,500, reducing his ownership stake by 11.72% to 188,293 shares.
• Recent analyst ratings for Telos have resulted in increased price targets, with Wedbush raising its target from $4.00 to $6.00 and BMO Capital Markets from $2.25 to $4.50.
• The stock currently has a market capitalization of approximately $450.74 million and a consensus rating of "Hold" with a price target of $4.88 based on recent research.

Telos Corporation (NASDAQ:TLS - Get Free Report) Director Bradley W. Jacobs sold 25,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $6.26, for a total transaction of $156,500.00. Following the transaction, the director directly owned 188,293 shares in the company, valued at $1,178,714.18. The trade was a 11.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Telos Stock Up 1.8%

Telos stock traded up $0.11 during mid-day trading on Friday, hitting $6.18. 891,746 shares of the company's stock were exchanged, compared to its average volume of 2,891,130. 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 stock has a market cap of $449.29 million, a P/E ratio of -8.03 and a beta of 0.96. Telos Corporation has a 1-year low of $1.83 and a 1-year high of $6.76. The stock has a 50 day moving average of $3.69 and a two-hundred day moving average of $3.04.

Institutional Trading of Telos

Large investors have recently bought and sold shares of the stock. NBC Securities Inc. boosted its stake in shares of Telos by 100,808.3% in the 1st quarter. NBC Securities Inc. now owns 12,109 shares of the company's stock valued at $28,000 after purchasing an additional 12,097 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Telos in the first quarter valued at approximately $30,000. AQR Capital Management LLC bought a new position in shares of Telos in the first quarter valued at approximately $39,000. NewEdge Advisors LLC raised its stake in shares of Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after acquiring an additional 4,000 shares during the last quarter. Finally, ProShare Advisors LLC raised 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 valued at $53,000 after acquiring an additional 5,105 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.