Derrick Dockery Sells 8,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 8,000 shares of Telos stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.78, for a total transaction of $38,240.00. Following the transaction, the director directly owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Stock Up 0.6%

NASDAQ TLS traded up $0.03 during trading hours on Thursday, reaching $4.81. 595,576 shares of the company’s stock traded hands, compared to its average volume of 742,520. The firm has a market cap of $359.88 million, a PE ratio of -13.74 and a beta of 0.95. 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 Corporation has a 52-week low of $2.37 and a 52-week high of $8.36. The firm has a 50-day simple moving average of $4.34 and a 200 day simple moving average of $4.90.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $47.74 million during the quarter, compared to analyst estimates of $44.63 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. Sell-side analysts anticipate that Telos Corporation will post -0.2 EPS for the current fiscal year.

Institutional Trading of Telos

Large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in Telos during the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new position in Telos during the fourth quarter valued at approximately $29,000. CWM LLC lifted its holdings in Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after purchasing an additional 4,541 shares in the last quarter. Quarry LP purchased a new position in Telos during the fourth quarter valued at approximately $39,000. Finally, AQR Capital Management LLC purchased a new position in Telos during the first quarter valued at approximately $39,000. 62.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TLS has been the subject of a number of research analyst reports. Wedbush reduced their price target 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. BMO Capital Markets reduced their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday, March 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Finally, Needham & Company LLC started coverage on shares of Telos in a research note on Tuesday. They issued a “buy” rating and a $6.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Telos currently has an average rating of “Hold” and a consensus target price 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.