Telos (NASDAQ:TLS) Director Bradley Jacobs Sells 55,772 Shares of Stock

Telos Corporation (NASDAQ:TLS) Director Bradley Jacobs sold 55,772 shares of Telos stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the completion of the transaction, the director directly owned 166,612 shares in the company, valued at approximately $718,097.72. The trade was a 25.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Telos Stock Performance

NASDAQ:TLS remained flat at $4.34 during midday trading on Wednesday. 595,869 shares of the company were exchanged, compared to its average volume of 781,921. The firm has a market capitalization of $324.72 million, a PE ratio of -12.40 and a beta of 0.97. 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 business has a 50 day moving average of $4.46 and a two-hundred day moving average of $4.71. Telos Corporation has a 52 week low of $2.37 and a 52 week high of $8.36.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.62 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. On average, analysts predict that Telos Corporation will post -0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TLS shares. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. BMO Capital Markets cut their price objective on 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 initiated coverage on Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Wedbush decreased their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.10.

Institutional Trading of Telos

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in shares of Telos by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock worth $261,000 after acquiring an additional 2,740 shares during the period. Toth Financial Advisory Corp lifted its stake in shares of Telos by 13.2% in the 4th 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 lifted its stake in shares of 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 purchasing an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Telos by 5.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after purchasing an additional 3,715 shares in the last quarter. Finally, American Century Companies Inc. boosted 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 valued at $355,000 after purchasing an additional 3,889 shares in the last quarter. 62.14% of the stock is currently owned by hedge funds and other 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.