Telos (NASDAQ:TLS) Shares Gap Up to $33.41

Telos Co. (NASDAQ:TLS) shares gapped up prior to trading on Friday . The stock had previously closed at $33.41, but opened at $34.96. Telos shares last traded at $34.30, with a volume of 207 shares changing hands.

A number of brokerages recently commented on TLS. Zacks Investment Research upgraded shares of Telos from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Thursday, May 6th. BMO Capital Markets increased their target price on shares of Telos from $24.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, March 26th. Needham & Company LLC increased their target price on shares of Telos from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. DA Davidson increased their target price on shares of Telos from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 26th. Finally, Wedbush increased their target price on shares of Telos from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, April 1st. Eight investment analysts have rated the stock with a buy rating, Telos currently has a consensus rating of “Buy” and a consensus price target of $41.13.

The company has a fifty day moving average of $34.08.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Thursday, March 25th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.17. The firm had revenue of $44.90 million for the quarter, compared to the consensus estimate of $44.65 million. As a group, sell-side analysts predict that Telos Co. will post -0.12 EPS for the current year.

In related news, SVP Brendan D. Malloy sold 459,065 shares of the stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $33.00, for a total value of $15,149,145.00. Following the completion of the transaction, the senior vice president now owns 211,198 shares of the company’s stock, valued at approximately $6,969,534. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John B. Wood sold 963,154 shares of the stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $33.00, for a total transaction of $31,784,082.00. Following the completion of the transaction, the chief executive officer now directly owns 3,695,563 shares of the company’s stock, valued at approximately $121,953,579. The disclosure for this sale can be found here. In the last three months, insiders sold 3,046,628 shares of company stock valued at $100,538,724.

Several hedge funds have recently added to or reduced their stakes in the company. Nellore Capital Management LLC bought a new position in shares of Telos during the first quarter valued at $17,971,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Telos during the first quarter valued at $1,794,000. NewEdge Wealth LLC bought a new position in shares of Telos during the first quarter valued at $633,000. Penserra Capital Management LLC bought a new position in shares of Telos during the first quarter valued at $1,521,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Telos during the first quarter valued at $1,662,000.

About Telos (NASDAQ:TLS)

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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