Squarepoint Ops LLC Acquires Shares of 194,361 Telos Corporation $TLS

Squarepoint Ops LLC purchased a new position in shares of Telos Corporation (NASDAQ:TLS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 194,361 shares of the company’s stock, valued at approximately $616,000. Squarepoint Ops LLC owned about 0.27% of Telos as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Telos by 9.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock valued at $17,097,000 after purchasing an additional 611,978 shares during the last quarter. Jane Street Group LLC acquired a new position in Telos in the 2nd quarter valued at about $1,801,000. Acuitas Investments LLC lifted its position in Telos by 14.3% during the 2nd quarter. Acuitas Investments LLC now owns 521,413 shares of the company’s stock worth $1,653,000 after acquiring an additional 65,356 shares during the period. Marshall Wace LLP lifted its position in Telos by 681.9% during 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, White Pine Capital LLC grew its stake in shares of Telos by 36.3% in the 2nd quarter. White Pine Capital LLC now owns 251,090 shares of the company’s stock valued at $796,000 after purchasing an additional 66,908 shares during the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TLS shares. Wedbush upped their price target on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. B. Riley reissued a “buy” rating and issued a $9.00 price objective (up from $8.50) on shares of Telos in a research note on Tuesday, November 11th. DA Davidson raised their target price on shares of Telos from $4.00 to $7.50 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $7.75.

Telos Stock Performance

NASDAQ TLS opened at $5.22 on Wednesday. The company has a market capitalization of $384.98 million, a P/E ratio of -12.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.76 and a quick ratio of 2.67. Telos Corporation has a 1-year low of $1.83 and a 1-year high of $8.36. The business has a 50 day moving average price of $6.18 and a 200 day moving average price of $5.20.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Monday, November 10th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. Telos had a negative net margin of 20.47% and a negative return on equity of 26.12%. The business had revenue of $51.44 million for the quarter, compared to analyst estimates of $45.70 million. Sell-side analysts expect that Telos Corporation will post -0.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Fredrick Schaufeld sold 155,794 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $5.87, for a total transaction of $914,510.78. Following the transaction, the director owned 1,182,904 shares of the company’s stock, valued at approximately $6,943,646.48. This represents a 11.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gary Mark Bendza sold 242,337 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $6.19, for a total value of $1,500,066.03. Following the transaction, the executive vice president directly owned 637,574 shares in the company, valued at approximately $3,946,583.06. This represents a 27.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 502,317 shares of company stock valued at $3,019,651. Insiders own 14.90% of the company’s stock.

Telos Profile

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.