Insider Selling: Telos (NASDAQ:TLS) Director Sells 7,000 Shares

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 7,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total transaction of $30,520.00. Following the sale, the director directly owned 179,591 shares of the company’s stock, valued at approximately $783,016.76. This represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Telos Stock Performance

NASDAQ TLS traded up $0.28 during trading hours on Friday, reaching $4.50. The company’s stock had a trading volume of 2,907,511 shares, compared to its average volume of 800,306. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.69. Telos Corporation has a 52 week low of $2.37 and a 52 week high of $8.36. The stock has a market cap of $336.69 million, a PE ratio of -12.86 and a beta of 0.97.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $47.74 million during the quarter, compared to the consensus estimate of $44.62 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. Equities research analysts predict that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Telos

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in Telos by 391.6% in the third quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock worth $1,321,000 after purchasing an additional 153,802 shares during the period. Weber Capital Management LLC ADV acquired a new position in Telos during the 4th quarter valued at about $9,152,000. Acuitas Investments LLC increased its stake in Telos by 48.0% during the 3rd quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock valued at $5,279,000 after buying an additional 250,400 shares during the period. Strs Ohio increased its stake in Telos by 33.1% during the 4th quarter. Strs Ohio now owns 18,900 shares of the company’s stock valued at $96,000 after buying an additional 4,700 shares during the period. Finally, Revisor Wealth Management LLC bought a new stake in shares of Telos during the 4th quarter worth about $88,000. Institutional investors own 62.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TLS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. BMO Capital Markets reduced their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Monday, March 16th. Wedbush lowered their price target on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Finally, Needham & Company LLC began coverage on shares of Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” 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.