Telos (NASDAQ:TLS) Sets New 52-Week High - Here's What Happened

Key Points

• Telos Corporation's stock reached a new 52-week high of $7.06, closing at $6.92, with over 1 million shares traded.
• Multiple analysts upgraded their ratings on Telos, with DA Davidson setting a new price target of $4.00 and Wedbush raising it to $6.00.
• Insider activity included Director Bradley W. Jacobs selling 25,000 shares and CEO John B. Wood selling 200,000 shares, decreasing their respective holdings.

Telos Corporation (NASDAQ:TLS - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $7.06 and last traded at $6.92, with a volume of 1014626 shares trading hands. The stock had previously closed at $6.45.

Wall Street Analyst Weigh In

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

Telos Trading Up 7.8%

The company has a quick ratio of 2.55, a current ratio of 2.65 and a debt-to-equity ratio of 0.06. The stock's 50 day moving average is $4.25 and its two-hundred day moving average is $3.20. The company has a market capitalization of $505.27 million, a PE ratio of -9.03 and a beta of 1.06.

Insider Activity at Telos

In related news, Director Bradley W. Jacobs sold 25,000 shares of the 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 of the company's stock, valued at $1,178,714.18. This trade represents a 11.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John B. Wood sold 200,000 shares of Telos stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $6.55, for a total transaction 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. The trade was a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 277,595 shares of company stock valued at $1,813,627 in the last ninety days. Corporate insiders own 14.90% of the company's stock.

Hedge Funds Weigh In On Telos

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Telos by 100.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company's stock worth $22,469,000 after buying an additional 3,296,586 shares during the period. Jane Street Group LLC acquired a new stake in Telos in the 2nd quarter valued at $1,801,000. Acuitas Investments LLC acquired a new position in Telos during the 1st quarter worth approximately $1,085,000. Marshall Wace LLP boosted its holdings in Telos by 681.9% in the 2nd quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock worth $1,104,000 after acquiring an additional 303,726 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in Telos during the 2nd quarter worth $792,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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