Telos (NASDAQ:TLS) Director Derrick Dockery Sells 7,000 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 7,000 shares of Telos stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $4.36, for a total transaction of $30,520.00. Following the completion of the sale, the director owned 179,591 shares of the company’s stock, valued at $783,016.76. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Telos Stock Performance

Shares of TLS stock opened at $4.50 on Friday. The business has a fifty day moving average of $4.47 and a 200 day moving average of $4.69. Telos Corporation has a 1 year low of $2.37 and a 1 year high of $8.36. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. 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 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 business had revenue of $47.74 million for 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 expect that Telos Corporation will post -0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Telos by 3.4% in the second 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 boosted its stake in shares of Telos by 13.2% in the fourth quarter. Toth Financial Advisory Corp now owns 24,091 shares of the company’s stock valued at $123,000 after purchasing an additional 2,800 shares during the period. Public Employees Retirement System of Ohio boosted its position in Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after buying an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Telos by 5.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock worth $347,000 after acquiring an additional 3,715 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after acquiring an additional 3,889 shares during the period. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Wall Street Analyst Weigh In

TLS has been the subject of a number of research analyst reports. 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 report on Tuesday, March 17th. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Finally, BMO Capital Markets reduced their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research report on Monday, March 16th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Telos presently has a consensus rating of “Hold” and a consensus target price of $7.10.

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.