Edward Hutchinson Jr. Robbins Sells 62,398 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 62,398 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $4.73, for a total value of $295,142.54. Following the completion of the sale, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This represents a 9.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Telos Trading Down 0.2%

Shares of TLS stock traded down $0.01 on Wednesday, reaching $4.71. The company had a trading volume of 665,891 shares, compared to its average volume of 717,478. The stock has a market cap of $352.01 million, a PE ratio of -22.43 and a beta of 0.98. The company has a 50-day moving average of $4.60 and a 200-day moving average of $4.43. 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 Corporation has a 12 month low of $3.79 and a 12 month high of $8.36.

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, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. On average, equities analysts forecast that Telos Corporation will post -0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen cut Telos from a “buy” rating to a “hold” rating in a research note on Saturday. Needham & Company LLC started coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Telos presently has an average rating of “Moderate Buy” and an average price target of $7.10.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in shares of Telos by 3.4% during the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after buying an additional 2,740 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after acquiring an additional 3,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Telos by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after acquiring an additional 3,715 shares in the last quarter. American Century Companies Inc. grew its position in Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after acquiring an additional 3,889 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 62.14% of the company’s stock.

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.