Telos (NASDAQ:TLS) Director Sells 12,000 Shares

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 12,000 shares of Telos stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $4.43, for a total transaction of $53,160.00. Following the completion of the transaction, the director owned 156,591 shares of the company’s stock, valued at $693,698.13. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Telos Price Performance

NASDAQ TLS traded down $0.12 during trading hours on Monday, reaching $4.38. 517,340 shares of the company’s stock were exchanged, compared to its average volume of 720,534. The firm has a fifty day moving average of $4.57 and a 200-day moving average of $4.45. Telos Corporation has a one year low of $3.79 and a one year high of $8.36. The stock has a market cap of $327.35 million, a PE ratio of -20.86 and a beta of 1.00. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. On average, equities research analysts predict that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Weber Capital Management LLC ADV bought a new stake in Telos in the fourth quarter valued at about $9,152,000. Two Sigma Investments LP grew its position in shares of Telos by 322.9% during the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after buying an additional 693,716 shares during the period. Jane Street Group LLC bought a new stake in shares of Telos in the 2nd quarter valued at about $1,801,000. Marshall Wace LLP increased its stake in shares of Telos by 161.6% in the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after acquiring an additional 562,878 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Telos in the 4th quarter valued at approximately $2,494,000. Institutional investors own 62.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TLS shares. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company. Weiss Ratings lowered shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.