Derrick Dockery Sells 11,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 11,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total transaction of $47,740.00. Following the sale, the director owned 168,591 shares in the company, valued at approximately $731,684.94. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Telos Trading Down 1.3%

TLS opened at $4.54 on Friday. The stock has a market capitalization of $339.31 million, a P/E ratio of -21.62 and a beta of 1.00. The company has a current ratio of 2.38, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The firm’s fifty day simple moving average is $4.58 and its 200 day simple moving average is $4.50.

Telos (NASDAQ:TLS) last released its earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The firm had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. As a group, research analysts anticipate that Telos Corporation will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Telos

Several hedge funds have recently modified their holdings of TLS. Weber Capital Management LLC ADV bought a new stake in Telos during the fourth quarter worth about $9,152,000. Renaissance Technologies LLC grew its stake in Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock valued at $4,688,000 after purchasing an additional 256,014 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Telos by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,863 shares of the company’s stock worth $122,000 after purchasing an additional 4,412 shares during the last quarter. Krilogy Financial LLC acquired a new position in shares of Telos during the 4th quarter worth approximately $75,000. Finally, Revisor Wealth Management LLC bought a new stake in shares of Telos during the 4th quarter worth approximately $88,000. Institutional investors own 62.14% of the company’s stock.

Analyst Upgrades and Downgrades

TLS has been the topic of a number of recent research reports. Weiss Ratings lowered Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Needham & Company LLC began coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target for the company. Three equities research 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.