Insider Selling: Telos (NASDAQ:TLS) EVP Sells 64,527 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $4.02, for a total transaction of $259,398.54. Following the sale, the executive vice president directly owned 567,278 shares in the company, valued at $2,280,457.56. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 17th, Edward Hutchinson Jr. Robbins sold 37,096 shares of Telos stock. The stock was sold at an average price of $4.01, for a total value of $148,754.96.

Telos Trading Up 6.2%

Shares of NASDAQ:TLS traded up $0.25 during midday trading on Thursday, hitting $4.27. The company had a trading volume of 920,114 shares, compared to its average volume of 966,008. Telos Corporation has a 12 month low of $1.83 and a 12 month high of $8.36. The firm has a fifty day simple moving average of $4.76 and a 200 day simple moving average of $5.74. The company has a current ratio of 2.57, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $316.92 million, a price-to-earnings ratio of -8.54 and a beta of 1.03.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in Telos during the 4th quarter worth about $26,000. Covestor Ltd acquired a new stake in shares of Telos during the fourth quarter worth $29,000. CWM LLC raised its stake in Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in Telos in the fourth quarter valued at $39,000. Finally, AQR Capital Management LLC acquired a new stake in Telos during the 1st quarter worth about $39,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TLS. BMO Capital Markets dropped their price objective on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Monday. Wedbush dropped their price target on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Telos currently has a consensus rating of “Hold” and a consensus target price of $7.38.

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.