Telos Corporation (NASDAQ:TLS) Short Interest Update

Telos Corporation (NASDAQ:TLS) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,730,000 shares, a decline of 20.6% from the August 15th total of 2,180,000 shares. Approximately 3.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is currently 1.2 days. Approximately 3.4% of the company’s shares are short sold.

Insiders Place Their Bets

In related news, CEO John B. Wood sold 200,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 4,984,365 shares in the company, valued at approximately $32,647,590.75. The trade was a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Maluda sold 52,595 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $6.60, for a total transaction of $347,127.00. Following the completion of the sale, the director owned 185,387 shares of the company’s stock, valued at approximately $1,223,554.20. The trade was a 22.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 537,544 shares of company stock valued at $3,579,041. 14.90% of the stock is currently owned by insiders.

Institutional Trading of Telos

A number of institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. grew its position in shares of Telos by 100,808.3% during the first quarter. NBC Securities Inc. now owns 12,109 shares of the company’s stock worth $28,000 after acquiring an additional 12,097 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of Telos during the first quarter worth about $30,000. AQR Capital Management LLC bought a new position in shares of Telos during the first quarter worth about $39,000. NewEdge Advisors LLC grew its position in shares of Telos by 28.7% during the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after acquiring an additional 4,000 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in shares of Telos by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 15,512 shares of the company’s stock worth $53,000 after acquiring an additional 5,105 shares during the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Stock Up 3.9%

Shares of NASDAQ:TLS opened at $6.85 on Friday. The stock has a market capitalization of $498.00 million, a price-to-earnings ratio of -8.90 and a beta of 1.06. Telos has a 1-year low of $1.83 and a 1-year high of $7.06. The company’s fifty day moving average is $4.69 and its two-hundred day moving average is $3.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.65.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. 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 reiterated a “market perform” rating and set a $4.50 price objective (up from $2.25) on shares of Telos in a research note on Tuesday, August 12th. DA Davidson boosted their price objective on shares of Telos from $2.25 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 12th. Finally, Wedbush boosted their price objective on shares of Telos from $4.00 to $6.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.83.

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.