Telos (NASDAQ:TLS) Director Derrick Dockery Sells 4,100 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 4,100 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $4.18, for a total transaction of $17,138.00. Following the sale, the director owned 178,500 shares of the company’s stock, valued at $746,130. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Telos Trading Up 1.4%

NASDAQ TLS opened at $4.33 on Friday. The firm’s fifty day moving average price is $4.74 and its 200 day moving average price is $5.73. Telos Corporation has a 12 month low of $1.83 and a 12 month high of $8.36. 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 company has a market capitalization of $321.36 million, a price-to-earnings ratio of -8.66 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 for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative net margin of 22.17% and a negative return on equity of 20.30%. The firm had revenue of $46.78 million during the quarter, compared to analysts’ expectations of $45.22 million. On average, sell-side analysts expect that Telos Corporation will post -0.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TLS shares. 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Wednesday, January 21st. Finally, Wedbush reduced their price objective on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Telos presently has an average rating of “Hold” and an average target price of $7.38.

Hedge Funds Weigh In On Telos

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

Telos Company Profile

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.