Telos (NASDAQ:TLS) Director Bradley Jacobs Sells 55,772 Shares

Telos Corporation (NASDAQ:TLS) Director Bradley Jacobs sold 55,772 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the transaction, the director directly owned 166,612 shares of the company’s stock, valued at approximately $718,097.72. This trade represents a 25.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Price Performance

Shares of TLS opened at $4.34 on Thursday. The firm has a 50-day simple moving average of $4.46 and a two-hundred day simple moving average of $4.70. The stock has a market cap of $324.72 million, a PE ratio of -12.40 and a beta of 0.97. Telos Corporation has a 1-year low of $2.37 and a 1-year high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59.

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

Analysts Set New Price Targets

Several research firms recently issued reports on TLS. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. BMO Capital Markets dropped 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, March 16th. Finally, Wedbush cut 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. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $7.10.

Hedge Funds Weigh In On Telos

Institutional investors have recently modified their holdings of the business. Weber Capital Management LLC ADV acquired a new stake in shares of Telos in the fourth quarter valued at $9,152,000. Two Sigma Investments LP grew its stake in Telos by 322.9% during the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after purchasing an additional 693,716 shares in the last quarter. Jane Street Group LLC purchased a new stake in Telos during the 2nd quarter worth about $1,801,000. Marshall Wace LLP increased its holdings in Telos by 161.6% during the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock worth $6,232,000 after purchasing an additional 562,878 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Telos in the 4th quarter valued at about $2,494,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

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.