Telos (NASDAQ:TLS) Director Bradley Jacobs Sells 25,000 Shares

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 Jacobs sold 25,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $6.26, for a total value of $156,500.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Telos Stock Performance

Shares of TLS stock traded down $0.37 during trading on Monday, reaching $6.20. The company had a trading volume of 1,292,966 shares, compared to its average volume of 893,619. The firm's 50 day simple moving average is $3.35 and its two-hundred day simple moving average is $2.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55. Telos Corporation has a one year low of $1.83 and a one year high of $6.76. The company has a market capitalization of $450.74 million, a PE ratio of -8.05 and a beta of 0.96.

Institutional Trading of Telos

A number of institutional investors and hedge funds have recently modified their holdings of the company. 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 valued at $22,469,000 after buying an additional 3,296,586 shares in the last quarter. Jane Street Group LLC acquired a new stake in Telos in the 2nd quarter valued at $1,801,000. Acuitas Investments LLC bought a new position in shares of Telos in the first quarter valued at approximately $1,085,000. Marshall Wace LLP raised its stake in shares of Telos by 681.9% in the second quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock valued at $1,104,000 after acquiring an additional 303,726 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Telos in the second quarter valued at approximately $792,000. 62.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TLS has been the topic of several recent analyst reports. Wedbush lifted their price target on Telos from $4.00 to $6.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $4.50 price target (up from $2.25) on shares of Telos in a research report on Tuesday, August 12th. DA Davidson lifted their price target on Telos from $2.25 to $4.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised Telos from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.88.

Telos Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.