Telos (NASDAQ:TLS) Director Derrick Dockery Sells 12,000 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 12,000 shares of Telos stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the sale, the director directly owned 156,591 shares of the company’s stock, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Telos Trading Down 2.7%

Shares of NASDAQ:TLS opened at $4.38 on Tuesday. The company has a market cap of $327.36 million, a P/E ratio of -20.86 and a beta of 1.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. Telos Corporation has a 1 year low of $3.79 and a 1 year high of $8.36. The stock’s fifty day moving average price is $4.57 and its 200-day moving average price is $4.44.

Telos (NASDAQ:TLS) last released its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating 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 -0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TLS shares. Needham & Company LLC assumed coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target for the company. Weiss Ratings cut shares of Telos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.10.

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently made changes to their positions in TLS. Covestor Ltd purchased a new position in shares of Telos in the fourth quarter worth approximately $29,000. CWM LLC increased 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 buying an additional 4,541 shares during the last quarter. Quarry LP bought a new position in Telos in the fourth quarter worth approximately $39,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in Telos in the first quarter worth approximately $43,000. Finally, Entropy Technologies LP purchased a new position in shares of Telos during the 4th quarter worth $55,000. Hedge funds and other institutional investors 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.