Insider Selling: Telos (NASDAQ:TLS) Director Sells $47,740.00 in Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 11,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total transaction of $47,740.00. Following the sale, the director directly owned 168,591 shares of the company’s stock, valued at $731,684.94. This represents a 6.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Telos Stock Down 1.3%

TLS opened at $4.54 on Friday. The company has a market cap of $339.32 million, a PE ratio of -21.62 and a beta of 1.00. Telos Corporation has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a 50-day moving average price of $4.58 and a 200 day moving average price of $4.50. The company has a quick ratio of 2.59, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The company had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $45.16 million. Sell-side analysts expect that Telos Corporation will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Weiss Ratings downgraded Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Needham & Company LLC assumed coverage on shares of Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price on the stock. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $7.10.

Institutional Investors Weigh In On Telos

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Telos by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock worth $19,938,000 after purchasing an additional 104,515 shares during the period. Millennium Management LLC boosted its holdings in Telos by 28.1% in the 3rd 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 last quarter. Weber Capital Management LLC ADV purchased a new stake in shares of Telos in the 4th quarter valued at approximately $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Telos by 11.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after buying an additional 169,285 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Telos by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock worth $6,945,000 after buying an additional 47,688 shares during the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

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.