Derrick Dockery Sells 8,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.78, for a total transaction of $38,240.00. Following the transaction, the director directly owned 186,591 shares of the company’s stock, valued at approximately $891,904.98. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Telos Price Performance

Shares of NASDAQ:TLS opened at $4.79 on Friday. The company has a 50 day moving average of $4.37 and a 200 day moving average of $4.89. The stock has a market cap of $358.38 million, a P/E ratio of -13.69 and a beta of 0.95. Telos Corporation has a 12 month low of $2.37 and a 12 month high of $8.36. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $47.74 million during the quarter, compared to analysts’ expectations of $44.63 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. As a group, sell-side analysts forecast that Telos Corporation will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Telos

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Telos by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock worth $19,938,000 after acquiring an additional 104,515 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Telos by 28.1% in the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after acquiring an additional 457,997 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in shares of Telos in the 4th quarter worth approximately $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Telos by 11.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after buying an additional 169,285 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Telos by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after buying an additional 47,688 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TLS has been the subject of several recent analyst reports. BMO Capital Markets reduced 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, March 16th. Needham & Company LLC initiated coverage on shares of Telos in a research note on Tuesday. They set a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Finally, Wedbush reduced their price objective on shares of Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.10.

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.