Key Points
- Telos CEO John Wood sold 96,151 shares at an average price of $4.05, reducing his direct stake by 6% to 1.51 million shares.
- Telos recently reported better-than-expected quarterly results, with EPS of $0.04 versus a $0.02 consensus estimate and revenue of $47.75 million.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $6.50; institutional investors own 62.14% of the stock.
Telos Corporation (NASDAQ:TLS - Get Free Report) CEO John Wood sold 96,151 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $4.05, for a total transaction of $389,411.55. Following the sale, the chief executive officer directly owned 1,505,867 shares of the company's stock, valued at approximately $6,098,761.35. This trade represents a 6.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Telos Stock Performance
NASDAQ:TLS opened at $4.03 on Tuesday. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos Corporation has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a fifty day moving average of $4.52 and a 200-day moving average of $4.46. The firm has a market capitalization of $301.20 million, a P/E ratio of -19.19 and a beta of 0.98.
Telos (NASDAQ:TLS - Get Free Report) last issued its 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. The business had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on TLS shares. Wall Street Zen cut shares of Telos from a "buy" rating to a "hold" rating in a research report on Sunday. Zacks Research raised Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. Needham & Company LLC assumed coverage on Telos in a report on Tuesday, May 26th. They issued a "buy" rating and a $6.00 price target on the stock. Wedbush cut Telos from an "outperform" rating to a "neutral" rating and set a $5.00 price objective for the company. in a research note on Thursday, September 10th. Finally, Weiss Ratings upgraded Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Telos currently has a consensus rating of "Hold" and an average target price of $6.50.
Get Our Latest Stock Analysis on TLS
Institutional Investors Weigh In On Telos
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Telos during the second quarter worth about $34,000. NewEdge Advisors LLC lifted its position in Telos by 413.6% in the 2nd quarter. NewEdge Advisors LLC now owns 75,186 shares of the company's stock valued at $346,000 after acquiring an additional 60,548 shares in the last quarter. Waverly Advisors LLC bought a new position in Telos in the 2nd quarter valued at about $400,000. Public Employees Retirement System of Ohio acquired a new position in Telos during the 2nd quarter valued at about $128,000. Finally, Globeflex Capital L P acquired a new position in Telos during the 2nd quarter valued at about $1,336,000. 62.14% of the stock is owned by institutional investors.
Telos Company Profile
(
Get Free Report)
Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.
Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.
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