Potential Price Increase for Telos Corporation (TLS) After Recent Insider Activity


In a filing, Telos Corporation revealed its Chairman and CEO Wood John B acquired Company’s shares for reported $87948.0 on Aug 31. In the deal valued at $2.51 per share,35,000 shares were bought. As a result of this transaction, Wood John B now holds 5,048,604 shares worth roughly $ 12.82 million.

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Then, Wood John B bought 120,187 shares, generating $263,907 in total proceeds. Upon buying the shares at $2.20, the Chairman and CEO now owns 5,013,604 shares.

Before that, Wood John B bought 90,402 shares. Telos Corporation shares valued at $185,026 were divested by the Chairman and CEO at a price of $2.05 per share. As a result of the transaction, Wood John B now holds 4,893,417 shares, worth roughly $12.43 million.

Northland Capital downgraded its Telos Corporation [TLS] rating to a Market perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 49.2 to its Friday closing price.

Price Performance Review of TLS

On Friday, Telos Corporation [NASDAQ:TLS] saw its stock fall -2.68% to $2.54. On the same session, the stock had its day’s lowest price of $2.50, but rose to a high of $2.79. Over the last five days, the stock has gained 24.51%. Telos Corporation shares have fallen nearly -50.10% since the year began. Nevertheless, the stocks have fallen -74.34% over the past one year. While a 52-week high of $12.51 was reached on 01/18/23, a 52-week low of $1.53 was recorded on 05/04/23. SMA at 50 days reached $2.40, while 200 days put it at $3.23. A total of 0.51 million shares were traded, compared to the trading of 1.15 million shares in the previous session.

Levels Of Support And Resistance For TLS Stock

The 24-hour chart illustrates a support level at 2.43, which if violated will result in even more drops to 2.32. On the upside, there is a resistance level at 2.72. A further resistance level may holdings at 2.90. The Relative Strength Index (RSI) on the 14-day chart is 59.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.74%. Stochastics %K at 71.04% indicates the stock is a holding.

How much short interest is there in Telos Corporation?

A steep rise in short interest was recorded in Telos Corporation stocks on Aug 14, 2023, dropping by -0.22 million shares to a total of 0.54 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.76 million shares. There was a decline of -40.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.01% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.9.

Telos Corporation [TLS] – Who Are The Largest Shareholders?

In filings from Barclays Bank, it is revealed that the company now owns 9,264,804 shares, or roughly 13.35% of the outstanding TLS shares. In other words, the investor’s shares have risen by 8,956,485 from its previous 13-F filing of 308319.0. Additionally, The Vanguard Group, Inc. increased 21.40% of its stake after which the total value it holdings stand at $8,406,085. Over the last quarter, Hotchkis & Wiley Capital Manageme purchased 809,430 shares of Telos Corporation, while Pinnacle Associates Ltd. bought -129,458 shares. At present, Millennium Management LLC is holding 1,903,757 shares valued at $4.78 million. Acadian Asset Management LLC owned 1,397,136 shares of the company at the time of its most recent 13F filing, worth $3.51 million.

According to FactSet, Telos Corporation’s share price will average $3.10 in the next year, based on opinions of analysts polled by the firm. This is up nearly 5.36 percent from its previous closing price of $2.61. Analysts expect Telos Corporation stock to reach the higher price of $5.00, while the lowest price estimate is $2.50. However, 6 analysts have rated TLS stock as a Hold in their predictions for 2023.


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