Telos (NASDAQ:TLS) Director Derrick Dockery Sells 7,000 Shares

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total transaction of $30,520.00. Following the transaction, the director owned 179,591 shares in the company, valued at $783,016.76. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Telos Price Performance

TLS traded up $0.28 during trading on Friday, reaching $4.50. The stock had a trading volume of 2,907,511 shares, compared to its average volume of 800,306. The stock has a 50 day moving average of $4.47 and a two-hundred day moving average of $4.69. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $336.69 million, a price-to-earnings ratio of -12.86 and a beta of 0.97. Telos Corporation has a 1-year low of $2.37 and a 1-year high of $8.36.

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, beating the consensus estimate of $0.02 by $0.04. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million for the quarter, compared to analysts’ expectations of $44.62 million. As a group, equities analysts anticipate that Telos Corporation will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Telos

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in shares of Telos during the fourth quarter valued at $26,000. Covestor Ltd purchased a new position in Telos in the 4th quarter worth about $29,000. CWM LLC raised its holdings in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the period. Quarry LP purchased a new stake in Telos during the fourth quarter valued at about $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Telos during the first quarter valued at about $43,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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