Insider Selling: Telos (NASDAQ:TLS) Director Sells $240,377.32 in Stock

Telos Corporation (NASDAQ:TLS) Director Bradley Jacobs sold 55,772 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the transaction, the director owned 166,612 shares of the company’s stock, valued at approximately $718,097.72. This trade represents a 25.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Telos Trading Up 6.6%

TLS opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The company’s 50 day moving average price is $4.47 and its two-hundred day moving average price is $4.69. The firm has a market capitalization of $336.69 million, a price-to-earnings ratio of -12.86 and a beta of 0.97.

Telos (NASDAQ:TLS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The firm had revenue of $47.74 million during the quarter, compared to the consensus estimate of $44.62 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. As a group, research analysts predict that Telos Corporation will post -0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TLS. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Needham & Company LLC began coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective for the company. Wedbush cut their price objective on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 17th. Finally, BMO Capital Markets reduced their target price on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Three investment 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.10.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers lifted its stake 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 purchasing an additional 2,740 shares during the period. Toth Financial Advisory Corp grew its stake in Telos by 13.2% during the fourth quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock worth $123,000 after purchasing an additional 2,800 shares during the period. Public Employees Retirement System of Ohio increased its holdings 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 worth $190,000 after purchasing an additional 3,100 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Telos by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock worth $347,000 after buying an additional 3,715 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after buying an additional 3,889 shares in the last quarter. 62.14% of the stock is owned by 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.