Telos (NASDAQ:TLS) Reaches New 52-Week High - What's Next?

Key Points

• Telos Corporation (NASDAQ: TLS) achieved a new 12-month high, trading as high as $7.28, with a closing price of $6.99 on Monday.
• Wall Street analysts have updated their ratings and price targets for Telos, with one analyst boosting the price target to $6.00 while also designating the stock as "outperform."
• Insider trading activity includes the sale of 537,544 shares by company insiders over the past 90 days, representing a significant decrease in insider ownership.

Telos Corporation (NASDAQ:TLS - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $7.28 and last traded at $6.99, with a volume of 480742 shares traded. The stock had previously closed at $6.79.

Wall Street Analysts Forecast Growth

TLS has been the topic of a number of recent research reports. DA Davidson upped their target price 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. Wedbush lifted their price objective on Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. BMO Capital Markets reiterated a "market perform" rating and set a $4.50 price target (up previously from $2.25) on shares of Telos in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of Telos from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.83.

Telos Trading Up 5.3%

The company has a market cap of $519.81 million, a P/E ratio of -9.29 and a beta of 1.04. The stock's 50-day moving average is $4.86 and its two-hundred day moving average is $3.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 2.55.

Insider Transactions at Telos

In other news, Director Fredrick Schaufeld sold 255,449 shares of the firm'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 transaction, the director directly owned 1,338,698 shares in the company, valued at $9,089,759.42. This trade represents a 16.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John B. Wood sold 200,000 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $6.55, for a total value of $1,310,000.00. Following the sale, the chief executive officer owned 4,984,365 shares of the company's stock, valued at approximately $32,647,590.75. This represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 537,544 shares of company stock worth $3,579,041. Company insiders own 14.90% of the company's stock.

Institutional Trading of Telos

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its holdings in Telos by 100,808.3% in the 1st 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 period. OLD Mission Capital LLC bought a new position in Telos in the 1st quarter worth $30,000. AQR Capital Management LLC bought a new position in Telos in the 1st quarter worth $39,000. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 4,000 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Telos by 49.1% during 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 hedge funds and other institutional investors.

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.