Insider Selling: Telos (NASDAQ:TLS) Director Sells 55,772 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Bradley Jacobs sold 55,772 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $4.31, for a total value of $240,377.32. Following the transaction, the director directly owned 166,612 shares of the company’s stock, valued at $718,097.72. This represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Telos Price Performance

Shares of NASDAQ:TLS remained flat at $4.34 during midday trading on Wednesday. 595,869 shares of the stock were exchanged, compared to its average volume of 781,921. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The business has a 50-day moving average of $4.46 and a 200 day moving average of $4.71. The stock has a market capitalization of $324.72 million, a price-to-earnings ratio of -12.40 and a beta of 0.97. Telos Corporation has a 12-month low of $2.37 and a 12-month high of $8.36.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The business had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. On average, research analysts predict that Telos Corporation will post -0.21 EPS for the current year.

Institutional Investors Weigh In On Telos

Several institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. raised its holdings in Telos by 51.3% in the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock worth $95,000 after acquiring an additional 13,584 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Telos during the 1st quarter valued at $39,000. NewEdge Advisors LLC increased its holdings in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after purchasing an additional 2,740 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Telos by 3.6% in the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after purchasing an additional 3,889 shares during the last quarter. Institutional investors own 62.14% of the company’s stock.

Wall Street Analyst Weigh In

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

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.