Insider Selling: Telos (NASDAQ:TLS) EVP Sells 64,527 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $4.02, for a total transaction of $259,398.54. Following the completion of the sale, the executive vice president directly owned 567,278 shares of the company’s stock, valued at approximately $2,280,457.56. This trade represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Edward Hutchinson Jr. Robbins also recently made the following trade(s):

• On Tuesday, March 17th, Edward Hutchinson Jr. Robbins sold 37,096 shares of Telos stock. The shares were sold at an average price of $4.01, for a total transaction of $148,754.96.

Telos Stock Up 6.2%

Shares of TLS stock traded up $0.25 on Thursday, reaching $4.27. 920,114 shares of the company were exchanged, compared to its average volume of 966,008. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.57 and a quick ratio of 2.67. The company has a 50-day moving average of $4.76 and a 200-day moving average of $5.74. The company has a market cap of $316.92 million, a price-to-earnings ratio of -8.54 and a beta of 1.03. Telos Corporation has a one year low of $1.83 and a one year high of $8.36.

Telos (NASDAQ:TLS) last issued its earnings results on Monday, March 16th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $46.78 million during the quarter, compared to analyst estimates of $45.22 million. Telos had a negative return on equity of 20.30% and a negative net margin of 22.17%. Analysts anticipate that Telos Corporation will post -0.68 earnings per share for the current year.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Telos in the fourth quarter valued at approximately $26,000. Covestor Ltd purchased a new stake in Telos in the fourth quarter worth $29,000. Penserra Capital Management LLC bought a new stake in shares of Telos in the third quarter valued at $42,000. CWM LLC raised its stake in shares of Telos by 156.2% in 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 period. Finally, Quarry LP purchased a new position in shares of Telos during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets lowered their target price on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research note on Wednesday, January 21st. Finally, Wedbush lowered their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.38.

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.