Insider Selling: Telos (NASDAQ:TLS) Director Sells $38,240.00 in Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 8,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.78, for a total value of $38,240.00. Following the completion of the sale, the director directly owned 186,591 shares of the company’s stock, valued at $891,904.98. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Telos Price Performance

Shares of NASDAQ:TLS opened at $4.79 on Friday. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The business has a 50-day moving average of $4.37 and a two-hundred day moving average of $4.89. The stock has a market capitalization of $358.39 million, a P/E ratio of -13.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million during the quarter, compared to analysts’ expectations of $44.63 million. On average, equities research analysts predict that Telos Corporation will post -0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Telos

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC bought a new position in shares of Telos in the fourth quarter worth about $26,000. Covestor Ltd bought a new position in shares of Telos in the fourth quarter worth about $29,000. CWM LLC increased its stake in shares of Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the period. Quarry LP bought a new position in Telos during the fourth quarter valued at about $39,000. Finally, AQR Capital Management LLC bought a new position in Telos during the first quarter valued at about $39,000. 62.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on TLS. BMO Capital Markets reduced their price target on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday, March 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Wedbush dropped their price objective on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Finally, Needham & Company LLC initiated coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7.10.

About Telos

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.