Derrick Dockery Sells 4,100 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 4,100 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $4.18, for a total transaction of $17,138.00. Following the completion of the transaction, the director owned 178,500 shares in the company, valued at $746,130. The trade was a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Stock Performance

Telos stock opened at $4.33 on Friday. The firm has a 50 day simple moving average of $4.74 and a 200-day simple moving average of $5.73. The stock has a market cap of $321.37 million, a price-to-earnings ratio of -8.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.57 and a quick ratio of 2.67. Telos Corporation has a 1-year low of $1.83 and a 1-year high of $8.36.

Telos (NASDAQ:TLS) last released 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. The firm had revenue of $46.78 million for the quarter, compared to analyst estimates of $45.22 million. Telos had a negative net margin of 22.17% and a negative return on equity of 20.30%. On average, analysts expect that Telos Corporation will post -0.68 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TLS shares. BMO Capital Markets lowered their price target on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a report on Monday, March 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Wednesday, January 21st. Finally, Wedbush decreased their target price on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.38.

Institutional Trading of Telos

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after buying an additional 2,740 shares in the last quarter. Toth Financial Advisory Corp raised its stake in Telos by 13.2% during the 4th quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock worth $123,000 after acquiring an additional 2,800 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Telos by 12.6% in the third quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after acquiring an additional 3,100 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Telos by 5.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after acquiring an additional 3,715 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Telos by 3.6% in the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares in the last quarter. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

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.