Key Points
- Telos director Derrick Dockery sold 8,000 shares on Thursday at an average price of $4.78, totaling $38,240. After the sale, he still held 186,591 shares, a 4.11% reduction in his stake.
- Telos shares were up slightly, opening at $4.81 on Friday after the company reported a strong quarterly earnings beat, with EPS of $0.06 versus the $0.02 estimate and revenue above expectations.
- Analyst sentiment is mixed, with a consensus rating of “Hold” and an average price target of $7.10, though recent ratings ranged from Sell to Buy and included some lowered targets.
Telos Corporation (NASDAQ:TLS - Get Free Report) Director Derrick Dockery sold 8,000 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.78, for a total value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Telos Trading Up 0.6%
Shares of NASDAQ:TLS opened at $4.81 on Friday. The business's 50-day moving average is $4.35 and its 200 day moving average is $4.89. Telos Corporation has a 1 year low of $2.37 and a 1 year high of $8.36. The firm has a market capitalization of $359.88 million, a P/E ratio of -13.74 and a beta of 0.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59.
Telos (NASDAQ:TLS - Get Free Report) last announced its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million for the quarter, compared to analyst estimates of $44.63 million. On average, research analysts predict that Telos Corporation will post -0.21 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts recently issued reports on TLS shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Telos in a research report on Monday, April 20th. Needham & Company LLC began coverage on Telos in a research note on Tuesday. They set a "buy" rating and a $6.00 price target on the stock. BMO Capital Markets dropped their price target on Telos from $8.00 to $5.00 and set a "market perform" rating on the stock in a research note on Monday, March 16th. Finally, Wedbush dropped their price target on Telos from $10.00 to $8.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 17th. Three investment 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7.10.
Read Our Latest Analysis on Telos
Institutional Trading of Telos
Several large investors have recently added to or reduced their stakes in TLS. Weber Capital Management LLC ADV purchased a new stake in Telos during the 4th quarter valued at about $9,152,000. Two Sigma Investments LP grew its stake in Telos by 322.9% during the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company's stock valued at $6,215,000 after purchasing an additional 693,716 shares during the last quarter. Jane Street Group LLC purchased a new stake in Telos during the 2nd quarter valued at about $1,801,000. Marshall Wace LLP grew its stake in Telos by 161.6% during the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company's stock valued at $6,232,000 after purchasing an additional 562,878 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Telos during the 4th quarter valued at about $2,494,000. Hedge funds and other institutional investors own 62.14% of the company's stock.
About Telos
(
Get Free Report)
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.
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