Key Points
- Telos director Derrick Dockery sold 12,000 shares at an average price of $4.43, totaling $53,160 and reducing his stake by 7.12% to 156,591 shares.
- Telos shares opened at $4.38 and were down 2.7%, with the stock trading below its 50-day moving average and carrying a market capitalization of approximately $327 million.
- Recent results exceeded expectations, with quarterly EPS of $0.04 versus estimates of $0.02 and revenue of $47.75 million versus $45.16 million expected. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $7.10.
Telos Corporation (NASDAQ:TLS - Get Free Report) Director Derrick Dockery sold 12,000 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $4.43, for a total value of $53,160.00. Following the completion of the sale, the director owned 156,591 shares of the company's stock, valued at approximately $693,698.13. The trade was a 7.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Telos Trading Down 2.7%
Shares of NASDAQ:TLS opened at $4.38 on Tuesday. The stock has a 50 day moving average of $4.57 and a 200 day moving average of $4.44. The company has a market cap of $327.36 million, a PE ratio of -20.86 and a beta of 1.00. Telos Corporation has a 12-month low of $3.79 and a 12-month high of $8.36. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05.
Telos (NASDAQ:TLS - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million for the quarter, compared to analysts' expectations of $45.16 million. As a group, equities research analysts expect that Telos Corporation will post -0.05 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on TLS shares. Needham & Company LLC began coverage on shares of Telos in a research report on Tuesday, May 26th. They set a "buy" rating and a $6.00 price objective on the stock. Zacks Research raised shares of 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 research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.10.
Get Our Latest Research Report on Telos
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in Telos during the 4th quarter valued at approximately $29,000. CWM LLC lifted 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 buying an additional 4,541 shares in the last quarter. Quarry LP bought a new position in shares of Telos during the fourth quarter worth $39,000. AQR Capital Management LLC bought a new position in shares of Telos during the first quarter worth $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos during the first quarter valued at $43,000. 62.14% of the stock is currently owned by institutional investors.
Telos Company Profile
(
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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