Squarepoint Ops LLC Invests $616,000 in Telos Corporation $TLS

Squarepoint Ops LLC bought a new position in shares of Telos Corporation (NASDAQ:TLS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 194,361 shares of the company’s stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TLS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Telos by 9.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company’s stock valued at $17,097,000 after buying an additional 611,978 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Telos during the 2nd quarter valued at $1,801,000. Marshall Wace LLP lifted its holdings in shares of Telos by 681.9% during the 2nd quarter. Marshall Wace LLP now owns 348,270 shares of the company’s stock valued at $1,104,000 after acquiring an additional 303,726 shares in the last quarter. Manatuck Hill Partners LLC purchased a new stake in Telos during the 2nd quarter worth $792,000. Finally, Nuveen LLC acquired a new stake in Telos in the 1st quarter valued at $457,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wedbush boosted their price objective on Telos from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Wednesday, October 8th. B. Riley restated a “buy” rating and issued a $9.00 price target (up previously from $8.50) on shares of Telos in a report on Tuesday, November 11th. Finally, DA Davidson lifted their price objective on shares of Telos from $4.00 to $7.50 and gave the company a “neutral” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.75.

Telos Price Performance

Shares of TLS opened at $5.22 on Wednesday. Telos Corporation has a 52 week low of $1.83 and a 52 week high of $8.36. The company has a current ratio of 2.76, a quick ratio of 2.67 and a debt-to-equity ratio of 0.05. The firm has a market cap of $384.98 million, a price-to-earnings ratio of -12.73 and a beta of 1.08. The stock has a 50 day moving average of $6.18 and a 200-day moving average of $5.20.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.07. The firm had revenue of $51.44 million for the quarter, compared to analysts’ expectations of $45.70 million. Telos had a negative return on equity of 26.12% and a negative net margin of 20.47%. As a group, analysts forecast that Telos Corporation will post -0.68 EPS for the current year.

Insider Activity

In other Telos news, Director Fredrick Schaufeld sold 155,794 shares of Telos stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $5.87, for a total value of $914,510.78. Following the completion of the transaction, the director directly owned 1,182,904 shares in the company, valued at $6,943,646.48. The trade was a 11.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gary Mark Bendza sold 242,337 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were 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 of the company’s stock, valued at $3,946,583.06. This trade represents a 27.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 502,317 shares of company stock valued at $3,019,651 over the last ninety days. Company 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.