Key Points
- Telos EVP Edward Hutchinson Jr. Robbins sold 62,398 shares at an average price of $4.73, generating approximately $295,143. His remaining ownership fell 9.57% to 589,915 shares.
- Telos shares opened at $4.71, with a market capitalization of about $352 million. The company recently beat quarterly earnings and revenue estimates, though it continues to report a negative net margin and analysts expect a full-year loss.
- Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $7.10 target price versus the recent share price. Institutional investors own 62.14% of the company.
Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Edward Hutchinson Jr. Robbins sold 62,398 shares of the company's stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the completion of the sale, the executive vice president owned 589,915 shares of the company's stock, valued at $2,790,297.95. This represents a 9.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Telos Trading Down 0.2%
Telos stock opened at $4.71 on Thursday. Telos Corporation has a one year low of $3.79 and a one year high of $8.36. The company's fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The company has a market capitalization of $352.03 million, a price-to-earnings ratio of -22.43 and a beta of 0.98.
Telos (NASDAQ:TLS - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.02. The company had revenue of $47.75 million during the quarter, compared to analysts' expectations of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. On average, analysts forecast that Telos Corporation will post -0.05 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
TLS has been the subject of several analyst reports. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They issued a "buy" rating and a $6.00 target price for the company. Weiss Ratings upgraded Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. Wall Street Zen lowered shares of Telos from a "buy" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, Zacks Research upgraded shares of Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Telos currently has an average rating of "Moderate Buy" and a consensus target price of $7.10.
Check Out Our Latest Analysis on TLS
Institutional Trading of Telos
Several hedge funds have recently added to or reduced their stakes in TLS. Renaissance Technologies LLC increased its position in Telos by 29.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company's stock worth $4,688,000 after buying an additional 256,014 shares during the period. Globeflex Capital L P acquired a new position in shares of Telos during the second quarter worth approximately $1,336,000. SG Americas Securities LLC bought a new stake in shares of Telos in the first quarter valued at approximately $53,000. Inspire Investing LLC boosted its position in shares of Telos by 33.8% in the first quarter. Inspire Investing LLC now owns 123,087 shares of the company's stock valued at $516,000 after acquiring an additional 31,126 shares during the period. Finally, Krilogy Financial LLC boosted its position in shares of Telos by 34.6% in the first quarter. Krilogy Financial LLC now owns 18,121 shares of the company's stock valued at $80,000 after acquiring an additional 4,662 shares during the period. 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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