Insider Selling: Telos (NASDAQ:TLS) Director Sells $30,520.00 in Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $4.36, for a total value of $30,520.00. Following the sale, the director directly owned 179,591 shares of the company’s stock, valued at $783,016.76. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Telos Price Performance

Telos stock opened at $4.50 on Monday. The company has a market capitalization of $336.69 million, a PE ratio of -12.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The firm has a 50 day moving average price of $4.47 and a 200 day moving average price of $4.68.

Telos (NASDAQ:TLS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The company had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. Research analysts expect that Telos Corporation will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On Telos

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Telos by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock worth $19,938,000 after acquiring an additional 104,515 shares during the period. Millennium Management LLC increased its holdings in shares of Telos by 28.1% in the third quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock valued at $14,296,000 after purchasing an additional 457,997 shares during the period. Weber Capital Management LLC ADV purchased a new stake in shares of Telos during the fourth quarter worth approximately $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Telos by 11.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock worth $11,592,000 after purchasing an additional 169,285 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Telos by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock worth $6,945,000 after purchasing an additional 47,688 shares during the period. 62.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TLS. Needham & Company LLC initiated coverage on Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Wedbush dropped their price target on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. BMO Capital Markets cut their price objective on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.