Telos Corporation $TLS Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Telos Corporation (NASDAQ:TLS) by 29.7% in the first quarter, HoldingsChannel.com reports. The fund owned 1,118,914 shares of the company’s stock after buying an additional 256,014 shares during the period. Renaissance Technologies LLC’s holdings in Telos were worth $4,688,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TLS. Sound Income Strategies LLC purchased a new position in shares of Telos in the fourth quarter worth about $26,000. Covestor Ltd purchased a new position in Telos during the 4th quarter worth approximately $29,000. CWM LLC lifted its stake in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after acquiring an additional 4,541 shares during the period. AQR Capital Management LLC acquired a new stake in Telos during the 1st quarter valued at approximately $39,000. Finally, Quarry LP acquired a new stake in shares of Telos in the fourth quarter worth $39,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Friday, July 17th. Needham & Company LLC started coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.10.

Insider Buying and Selling at Telos

In other news, Director Bradley W. Jacobs sold 55,772 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the sale, the director directly owned 166,612 shares in the company, valued at $718,097.72. This trade represents a 25.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gary Mark Bendza sold 97,976 shares of Telos stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.19, for a total value of $410,519.44. Following the completion of the transaction, the executive vice president owned 817,148 shares of the company’s stock, valued at approximately $3,423,850.12. This represents a 10.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 320,772 shares of company stock valued at $1,386,488. Corporate insiders own 14.90% of the company’s stock.

Telos Trading Down 2.4%

Telos stock opened at $4.57 on Friday. The firm has a market cap of $341.93 million, a PE ratio of -13.06 and a beta of 1.00. Telos Corporation has a 12 month low of $2.37 and a 12 month high of $8.36. The stock’s 50 day simple moving average is $4.61 and its two-hundred day simple moving average is $4.54. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The firm had revenue of $47.74 million during the quarter, compared to analyst estimates of $44.62 million. Analysts anticipate that Telos Corporation will post -0.21 earnings per share for the current year.

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.