Telos (NASDAQ:TLS) EVP Sells $295,142.54 in Stock

Telos Corporation (NASDAQ:TLS) EVP Hutchinson Robbins sold 62,398 shares of Telos stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total transaction of $295,142.54. Following the sale, the executive vice president owned 589,915 shares in the company, valued at $2,790,297.95. This represents a 9.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Telos Price Performance

Shares of TLS stock opened at $4.80 on Friday. The firm has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $4.44. The company has a market capitalization of $358.75 million, a PE ratio of -22.86 and a beta of 0.98. Telos Corporation has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Equities research analysts anticipate that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Telos from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC started coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock. Finally, Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.10.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Covestor Ltd bought a new stake in shares of Telos during the 4th quarter valued at about $29,000. CWM LLC lifted its holdings in Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after acquiring an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in Telos in the fourth quarter valued at approximately $39,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Telos during the first quarter valued at approximately $43,000. Finally, Entropy Technologies LP bought a new position in shares of Telos during the fourth quarter valued at approximately $55,000. 62.14% of the stock is currently owned by institutional investors.

Telos Company Profile

Telos Corporation (NASDAQ: TLS) is a provider of cybersecurity, secure communications, and enterprise IT solutions designed to help organizations manage risk, accelerate mission delivery and maintain compliance. The company’s core business activities encompass risk management and compliance automation, secure mobility, zero-trust architecture, cloud security, and identity and access management. Telos serves a diverse customer base that includes U.S. federal agencies, the Department of Defense, intelligence communities and select commercial enterprises.

Among its flagship offerings is the Xacta® platform, which automates assessment and authorization for IT systems and cloud environments, helping clients streamline compliance with NIST, FedRAMP and other frameworks.