Edward Hutchinson Jr. Robbins Sells 62,398 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Hutchinson Robbins sold 62,398 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total value of $295,142.54. Following the completion of the sale, the executive vice president owned 589,915 shares of the company’s stock, valued at $2,790,297.95. This trade represents a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Telos Stock Up 3.4%

Shares of TLS stock opened at $4.87 on Friday. Telos Corporation has a 1 year low of $3.79 and a 1 year high of $8.36. The stock has a market cap of $363.98 million, a PE ratio of -23.19 and a beta of 0.98. The business’s fifty day moving average is $4.62 and its 200-day moving average is $4.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $45.16 million. Equities analysts expect that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TLS shares. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of Telos from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Needham & Company LLC began coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.10.

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd acquired a new stake in Telos during the 4th quarter worth about $29,000. CWM LLC boosted its holdings in shares of Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the period. Quarry LP purchased a new position in shares of Telos in the fourth quarter worth approximately $39,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Telos during the first quarter valued at approximately $43,000. Finally, Entropy Technologies LP acquired a new stake in shares of Telos during the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds 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.