Insider Selling: Telos (NASDAQ:TLS) Director Sells $53,160.00 in Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 12,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the transaction, the director directly owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. This represents a 7.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Telos Trading Up 1.6%

NASDAQ TLS opened at $4.44 on Thursday. The business’s 50-day moving average price is $4.57 and its two-hundred day moving average price is $4.43. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The firm has a market capitalization of $331.85 million, a PE ratio of -21.14 and a beta of 1.00. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last issued its quarterly earnings data 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. The company had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. On average, analysts expect that Telos Corporation will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Telos

Several large investors have recently added to or reduced their stakes in TLS. Invesco Ltd. lifted its stake in Telos by 51.3% in the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after buying an additional 13,584 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Telos during the 1st quarter worth approximately $39,000. NewEdge Advisors LLC increased its stake in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after acquiring an additional 4,000 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after acquiring an additional 2,740 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Telos by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares in the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Ratings Changes

TLS has been the topic of a number of recent analyst reports. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.10.

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.