Telos (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins Sells 37,096 Shares

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 37,096 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $4.01, for a total value of $148,754.96. Following the sale, the executive vice president owned 631,805 shares in the company, valued at $2,533,538.05. This trade represents a 5.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, March 18th, Edward Hutchinson Jr. Robbins sold 64,527 shares of Telos stock. The shares were sold at an average price of $4.02, for a total value of $259,398.54.

Telos Stock Performance

NASDAQ TLS opened at $4.26 on Friday. The business’s 50-day moving average price is $4.76 and its 200 day moving average price is $5.74. The company has a current ratio of 2.57, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. Telos Corporation has a twelve month low of $1.83 and a twelve month high of $8.36. The company has a market capitalization of $316.10 million, a PE ratio of -8.52 and a beta of 1.03.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on TLS shares. BMO Capital Markets lowered their price objective 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. Wedbush dropped their price target on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Telos presently has an average rating of “Hold” and an average target price of $7.38.

Institutional Trading of Telos

Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC acquired a new position in shares of Telos in the fourth quarter worth about $26,000. Covestor Ltd purchased a new stake in Telos during the 4th quarter worth approximately $29,000. CWM LLC increased its holdings in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in shares of Telos in the 4th quarter valued at approximately $39,000. Finally, AQR Capital Management LLC purchased a new position in shares of Telos during the 1st quarter valued at approximately $39,000. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.