Telos (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins Sells 37,096 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 37,096 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $4.01, for a total transaction of $148,754.96. Following the sale, the executive vice president directly owned 631,805 shares in the company, valued at $2,533,538.05. This trade represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Edward Hutchinson Jr. Robbins also recently made the following trade(s):

• On Wednesday, March 18th, Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock. The shares were sold at an average price of $4.02, for a total transaction of $259,398.54.

Telos Stock Performance

NASDAQ TLS traded up $0.25 during trading on Thursday, reaching $4.27. 920,114 shares of the company’s stock were exchanged, compared to its average volume of 966,008. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.57 and a quick ratio of 2.67. The stock has a market capitalization of $316.92 million, a P/E ratio of -8.54 and a beta of 1.03. Telos Corporation has a fifty-two week low of $1.83 and a fifty-two week high of $8.36. The business has a 50 day moving average price of $4.76 and a 200-day moving average price of $5.74.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, March 16th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $46.78 million during the quarter, compared to the consensus estimate of $45.22 million. Telos had a negative return on equity of 20.30% and a negative net margin of 22.17%. Sell-side analysts forecast that Telos Corporation will post -0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

TLS has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. BMO Capital Markets lowered their target price on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Monday. Finally, Wedbush dropped their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday. Two 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. Based on data from MarketBeat, Telos currently has a consensus rating of “Hold” and a consensus target price of $7.38.

Institutional Trading of Telos

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

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.