Telos (NASDAQ:TLS) Director Derrick Dockery Sells 11,000 Shares

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total transaction of $47,740.00. Following the completion of the sale, the director owned 168,591 shares in the company, valued at $731,684.94. The trade was a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Telos Trading Up 6.0%

Shares of NASDAQ:TLS opened at $4.60 on Friday. The stock has a market capitalization of $343.80 million, a price-to-earnings ratio of -21.90 and a beta of 1.00. Telos Corporation has a 1-year low of $3.79 and a 1-year high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. The company has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.50.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.53%. The firm had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. On average, research analysts anticipate that Telos Corporation will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings lowered Telos from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Needham & Company LLC began coverage on Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target for the company. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.10.

Institutional Investors Weigh In On Telos

Hedge funds have recently made changes to their positions in the company. Weber Capital Management LLC ADV acquired a new position in Telos during the fourth quarter valued at $9,152,000. Renaissance Technologies LLC boosted its position in Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Telos by 22.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,863 shares of the company’s stock worth $122,000 after acquiring an additional 4,412 shares during the period. CWM LLC grew its stake in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after acquiring an additional 4,541 shares in the last quarter. Finally, Krilogy Financial LLC purchased a new position in Telos during the 4th quarter valued at about $75,000. Hedge funds and other 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.