Investors of Telos Corp (NASDAQ:TLS) might take note that EVP of Security Solutions, Mark D. Griffin, has recently increased his stake in the company. According to the latest filings, Griffin purchased 6,150 shares of common stock at a price of $3.13 per share, investing a total of $19,249.
This transaction, dated May 13, 2024, has bolstered Griffin's direct holdings to a total of 664,986 shares in the company. Additionally, it's worth noting that Griffin also has an indirect interest in the company through his 401k plan, which holds 12,993.36 shares of Telos Corp common stock.
The purchase at the $3.13 price point reflects Griffin's ongoing commitment to the company and is a transaction of interest to shareholders who closely monitor insider activity as an indicator of executive confidence in the corporation's future prospects.
Telos Corp, headquartered in Ashburn, Virginia, operates within the computer integrated systems design industry and is known for providing advanced technology solutions to its clients. This recent acquisition by a high-ranking executive is likely to be seen as a positive signal by the investment community.
InvestingPro Insights
As EVP of Security Solutions Mark D. Griffin shows confidence in Telos Corp (NASDAQ:TLS) through his recent stock purchase, investors may find additional context in the company's financial health and market performance valuable. Here are some insights based on real-time data from InvestingPro to consider:
Firstly, Telos Corp holds a market capitalization of $219.92 million. Despite the challenging market conditions, the company's balance sheet reflects a positive aspect with liquid assets that exceed short-term obligations, as noted in one of the InvestingPro Tips. This indicates a level of financial stability which may reassure investors of the company's ability to meet its immediate financial commitments.
Another key metric is the stock's recent performance. Telos Corp's stock has experienced a significant downturn over the last month, with a one-month price total return of -16.67%. This is echoed by the InvestingPro Tip that the stock has taken a big hit over the last week. The current price of $3 per share is a reflection of these recent market movements.
For investors looking for deeper insights, Telos Corp's detailed analysis, including additional InvestingPro Tips, can be found at https://www.investing.com/pro/TLS. There are 11 additional tips available that could help investors make more informed decisions. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.
Lastly, the company's P/E ratio stands at -7.60, and the adjusted P/E ratio for the last twelve months as of Q1 2024 is -7.3. This negative P/E ratio suggests that the company has not been profitable over the past year, which aligns with the InvestingPro Tip that analysts do not anticipate the company will be profitable this year. However, it's important for investors to consider the long-term potential of their investments beyond current profitability.
These insights, combined with the insider activity, could provide a more comprehensive view of Telos Corp's current situation and future outlook for potential investors.
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