Globeflex Capital L P Invests $1.34 Million in Telos Corporation $TLS

Globeflex Capital L P acquired a new position in shares of Telos Corporation (NASDAQ:TLS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 290,386 shares of the company’s stock, valued at approximately $1,336,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TLS. Weber Capital Management LLC ADV purchased a new position in shares of Telos during the 4th quarter valued at $9,152,000. Renaissance Technologies LLC raised its holdings in shares of Telos by 29.7% during the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Telos by 22.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,863 shares of the company’s stock valued at $122,000 after purchasing an additional 4,412 shares during the last quarter. Inspire Investing LLC grew its stake in Telos by 33.8% in the first quarter. Inspire Investing LLC now owns 123,087 shares of the company’s stock valued at $516,000 after purchasing an additional 31,126 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in Telos by 34.6% in the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock worth $80,000 after purchasing an additional 4,662 shares during the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Insider Transactions at Telos

In other Telos news, EVP Gary Mark Bendza sold 97,976 shares of Telos stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total transaction of $410,519.44. Following the completion of the transaction, the executive vice president directly owned 817,148 shares of the company’s stock, valued at approximately $3,423,850.12. This trade represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Derrick D. Dockery sold 12,000 shares of Telos stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $4.43, for a total transaction of $53,160.00. Following the transaction, the director directly owned 156,591 shares of the company’s stock, valued at $693,698.13. This represents a 7.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 343,772 shares of company stock valued at $1,487,388. Company insiders own 14.90% of the company’s stock.

Telos Stock Performance

TLS opened at $4.38 on Tuesday. The firm has a market capitalization of $327.36 million, a P/E ratio of -20.86 and a beta of 1.00. The stock’s 50 day moving average price is $4.57 and its two-hundred day moving average price is $4.44. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos Corporation has a 12-month low of $3.79 and a 12-month high of $8.36.

Telos (NASDAQ:TLS) last released its earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. On average, equities analysts forecast that Telos Corporation will post -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TLS shares. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Needham & Company LLC started coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings downgraded shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.10.

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.