ASHBURN, VA - In a recent move, Fredrick Schaufeld, a director of Telos Corp (NASDAQ:TLS), has purchased shares of the company's common stock, reflecting his confidence in the firm's prospects. The transaction, which took place on May 24, 2024, involved Schaufeld acquiring 54,650 shares at an average price of $3.98, amounting to a total investment of $217,507.
The shares were bought in multiple transactions with prices ranging between $3.84 and $4.00. This purchase has increased Schaufeld’s indirect holdings through the Fredrick D. Schaufeld Rev Trust to a total of 687,920 shares, showcasing a significant stake in the company.
Telos Corp, headquartered in Ashburn, Virginia, specializes in computer integrated systems design, providing a range of services in the technology sector. The purchase by Schaufeld, a member of the company's board, may signal his bullish outlook on the company's value and future performance.
Investors often monitor insider buying as it can be indicative of the leadership's belief in the company's trajectory. Although Schaufeld's recent buy is just one of many factors that investors might consider, it can be a piece of the puzzle when evaluating the company's health and potential.
As of the latest filings, Schaufeld holds a significant portion of his shares indirectly through various trusts and entities, including the FDS New River Farm 2017 Irrevocable Trust and River Farm Investments, LLC, as well as trusts in the names of his children.
Telos Corp has not issued any public statement regarding the transaction, and as of now, it remains a straightforward disclosure of a director's increased investment in the company. Investors and analysts will be watching closely to see how this insider activity might align with the company's performance in the upcoming quarters.
InvestingPro Insights
Amidst the news of insider buying by Fredrick Schaufeld, a director of Telos Corp (NASDAQ:TLS), investors seeking a deeper understanding of the company's financial health can look to InvestingPro for additional insights. The InvestingPro Data provides a snapshot of Telos Corp's current market position, with a market capitalization of 280.57 million USD, indicating the company's size in the technology sector. Despite a challenging environment, as reflected by the revenue decline of 30.79% over the last twelve months as of Q1 2024, Schaufeld's purchase could be seen as a vote of confidence in the company's ability to navigate through these headwinds.
Two InvestingPro Tips that stand out include the company's liquidity position, with liquid assets exceeding short-term obligations, and a notable high return over the last year, with a 52.73% one-year price total return. These factors could potentially reassure investors about the company's ability to manage its finances and the recent growth in shareholder value. However, analysts are cautious, anticipating a sales decline in the current year and not expecting the company to be profitable within the same timeframe.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips on Telos Corp, which can be accessed at https://www.investing.com/pro/TLS. By using the coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking further insights into Telos Corp's financial metrics and analyst forecasts. Currently, there are 6 additional InvestingPro Tips available for Telos Corp, which could prove invaluable for investors looking to make informed decisions.
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