Telos (NASDAQ:TLS) CEO John Wood Sells 96,151 Shares

Telos Corporation (NASDAQ:TLS) CEO John Wood sold 96,151 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $4.05, for a total value of $389,411.55. Following the transaction, the chief executive officer directly owned 1,505,867 shares of the company’s stock, valued at approximately $6,098,761.35. The trade was a 6.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Telos Price Performance

Shares of TLS stock traded down $0.04 during mid-day trading on Monday, hitting $4.03. 654,284 shares of the stock traded hands, compared to its average volume of 723,177. Telos Corporation has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The company’s 50-day simple moving average is $4.54 and its 200-day simple moving average is $4.47. The firm has a market cap of $301.19 million, a price-to-earnings ratio of -19.19 and a beta of 0.98.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Globeflex Capital L P acquired a new stake in shares of Telos during the second quarter valued at approximately $1,336,000. Renaissance Technologies LLC boosted its stake in Telos by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after purchasing an additional 256,014 shares during the period. Dimensional Fund Advisors LP grew its position in Telos by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company’s stock worth $5,417,000 after purchasing an additional 115,884 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Telos during the 2nd quarter worth approximately $533,000. Finally, State of Wyoming acquired a new stake in Telos during the 4th quarter valued at $452,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TLS. Wall Street Zen lowered shares of Telos from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price for the company. in a report on Thursday, September 10th. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Finally, Needham & Company LLC assumed coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.50.

Telos Company Profile

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.