Telos Co. (NASDAQ:TLS) SVP Brendan D. Malloy sold 459,065 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now owns 211,198 shares of the company’s stock, valued at $6,969,534. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of TLS opened at $34.46 on Thursday. The firm has a 50-day moving average of $34.34. Telos Co. has a 1 year low of $18.08 and a 1 year high of $41.84.
A number of equities analysts recently commented on the company. Northland Securities raised their target price on Telos from $33.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, March 26th. Zacks Investment Research upgraded Telos from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a report on Saturday, April 3rd. Wedbush raised their target price on Telos from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, April 1st. Colliers Securities assumed coverage on Telos in a report on Monday, December 14th. They set a “buy” rating and a $29.00 target price for the company. Finally, DA Davidson raised their target price on Telos from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday, March 26th. Eight analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $41.88.
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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