Insider Selling: Telos (NASDAQ:TLS) Director Sells 8,000 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 8,000 shares of Telos 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 in the company, valued at $891,904.98. This represents a 4.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Telos Price Performance

NASDAQ:TLS traded up $0.03 during trading hours on Thursday, hitting $4.81. 595,576 shares of the stock traded hands, compared to its average volume of 742,520. Telos Corporation has a 1 year low of $2.37 and a 1 year high of $8.36. The stock has a 50 day moving average price of $4.34 and a 200 day moving average price of $4.90. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The company has a market cap of $359.88 million, a price-to-earnings ratio of -13.74 and a beta of 0.95.

Telos (NASDAQ:TLS) last released its earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. The firm had revenue of $47.74 million for the quarter, compared to the consensus estimate of $44.63 million. Sell-side analysts forecast that Telos Corporation will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TLS has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. BMO Capital Markets reduced their price target on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a research report on Monday, March 16th. Needham & Company LLC assumed coverage on shares of Telos in a research report on Tuesday. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Wedbush cut their price objective 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.10.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TLS. Sound Income Strategies LLC bought a new position in Telos during the fourth quarter valued at $26,000. Covestor Ltd bought a new position in shares of Telos in the fourth quarter worth about $29,000. CWM LLC grew its holdings in shares of Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the last quarter. Quarry LP bought a new position in shares of Telos in the fourth quarter worth about $39,000. Finally, AQR Capital Management LLC bought a new position in shares of Telos in the first quarter worth about $39,000. Institutional investors own 62.14% of the company’s stock.

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.