Telos (NASDAQ:TLS) Director Derrick Dockery Sells 8,000 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 8,000 shares of Telos stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.78, for a total value of $38,240.00. Following the sale, the director directly owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Trading Up 0.6%

Shares of NASDAQ TLS opened at $4.81 on Friday. 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 fifty day simple moving average of $4.35 and a two-hundred day simple moving average of $4.89. The firm has a market cap of $359.88 million, a PE ratio of -13.74 and a beta of 0.95. Telos Corporation has a twelve month low of $2.37 and a twelve month high of $8.36.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $47.74 million during the quarter, compared to analyst estimates of $44.63 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. Analysts expect that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of Telos in the 4th quarter worth $26,000. Covestor Ltd bought a new position in shares of Telos in the 4th quarter worth $29,000. CWM LLC raised its position in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after acquiring an additional 4,541 shares in the last quarter. Quarry LP bought a new position in shares of Telos in the 4th quarter worth $39,000. Finally, AQR Capital Management LLC purchased a new position in Telos during the 1st quarter worth $39,000. 62.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. BMO Capital Markets decreased their target price 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. Wedbush decreased 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, March 17th. Finally, Needham & Company LLC initiated coverage on Telos in a research report on Tuesday. They issued a “buy” rating and a $6.00 price target for the company. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company 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.