Derrick Dockery Sells 12,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the sale, the director directly owned 156,591 shares in the company, valued at $693,698.13. This trade represents a 7.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Telos Stock Performance

Shares of NASDAQ TLS opened at $4.37 on Wednesday. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The company has a market cap of $326.61 million, a P/E ratio of -20.81 and a beta of 1.00. The business’s 50 day moving average is $4.57 and its two-hundred day moving average is $4.44. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $45.16 million. On average, equities analysts expect that Telos Corporation will post -0.05 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TLS shares. Needham & Company LLC began coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings lowered Telos from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Telos presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.10.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TLS. Vanguard Group Inc. boosted its holdings in Telos by 3.7% during the third quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock valued at $19,938,000 after purchasing an additional 104,515 shares in the last quarter. Millennium Management LLC lifted its position in shares of Telos by 28.1% during the 3rd quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock worth $14,296,000 after buying an additional 457,997 shares during the period. Weber Capital Management LLC ADV bought a new stake in Telos in the fourth quarter valued at $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Telos by 11.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after acquiring an additional 169,285 shares during the period. Finally, Geode Capital Management LLC raised its stake in Telos by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock worth $6,945,000 after acquiring an additional 47,688 shares in the last quarter. 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.