Telos (NASDAQ:TLS) Reaches New 1-Year High - Still a Buy?

Key Points

• Telos Corporation shares reached a new 52-week high at $7.44, with the stock trading at $7.37 recently and a volume of 230,853 shares.
• Several analysts have revised their price targets for Telos, with DA Davidson increasing it from $2.25 to $4.00, while Wedbush raised its target from $4.00 to $6.00.
• Insider transactions revealed significant sales, with Director Bradley W. Jacobs selling 25,000 shares for approximately $156,500 on August 25th, representing an 11.72% decrease in ownership.

Telos Corporation (NASDAQ:TLS - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $7.44 and last traded at $7.37, with a volume of 230853 shares traded. The stock had previously closed at $7.21.

Analysts Set New Price Targets

TLS has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of Telos from $2.25 to $4.00 and gave the stock a "neutral" rating 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 research report on Saturday, August 16th. Wedbush boosted their price target 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Telos in a research note on Wednesday. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $4.50 target price (up previously from $2.25) on shares of Telos in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.83.

Telos Stock Performance

The firm has a market capitalization of $533.98 million, a PE ratio of -9.53 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55. The company's fifty day simple moving average is $5.77 and its 200 day simple moving average is $3.74.

Insider Transactions at Telos

In related news, Director Bradley W. 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 sale, the director directly owned 188,293 shares of the company's stock, valued at $1,178,714.18. This trade represents a 11.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Derrick D. Dockery sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $6.87, for a total transaction of $30,915.00. Following the completion of the sale, the director directly 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 537,544 shares of company stock valued at $3,579,041. Company insiders own 14.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $17,097,000 after acquiring an additional 611,978 shares during the period. Jane Street Group LLC purchased a new position in Telos during the second quarter valued at $1,801,000. Acuitas Investments LLC purchased a new position in Telos during the first quarter valued at $1,085,000. Marshall Wace LLP lifted its position in Telos by 681.9% during the second quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock valued at $1,104,000 after buying an additional 303,726 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new position in Telos during the second quarter valued at $792,000. 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.

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.