Derrick Dockery Sells 12,000 Shares of Telos (NASDAQ:TLS) Stock

Key Points

• Telos Director Derrick Dockery sold 12,000 shares at an average price of $4.43, generating $53,160 and reducing his position by 7.12% to 156,591 shares.
• Telos shares fell 2.7% to $4.38, while the company’s latest quarterly results exceeded expectations with $0.04 in earnings per share and $47.75 million in revenue.
• Analyst sentiment remains a “Moderate Buy”, with an average price target of $7.10, although ratings range from “Strong Buy” to “Sell”; institutional investors own 62.14% of the stock.

Telos Corporation (NASDAQ:TLS - Get Free Report) Director Derrick Dockery sold 12,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $4.43, for a total transaction of $53,160.00. Following the transaction, the director owned 156,591 shares in the company, valued at approximately $693,698.13. This trade represents a 7.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Telos Stock Down 2.7%

Shares of TLS stock traded down $0.12 on Monday, hitting $4.38. The company's stock had a trading volume of 517,340 shares, compared to its average volume of 720,534. 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 stock has a market capitalization of $327.35 million, a price-to-earnings ratio of -20.86 and a beta of 1.00. Telos Corporation has a fifty-two week low of $3.79 and a fifty-two week high of $8.36. The firm's fifty day moving average price is $4.57 and its 200-day moving average price is $4.45.

Telos (NASDAQ:TLS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $47.75 million for the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. Research analysts anticipate that Telos Corporation will post -0.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Telos from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They set a "buy" rating and a $6.00 price objective for the company. Finally, Zacks Research upgraded shares of Telos from a "hold" rating to a "strong-buy" rating in a research note on Thursday. 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $7.10.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently bought and sold shares of the business. Weber Capital Management LLC ADV acquired a new stake in Telos in the 4th quarter valued at $9,152,000. Renaissance Technologies LLC lifted its holdings in shares of Telos by 29.7% during the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company's stock valued at $4,688,000 after acquiring an additional 256,014 shares during the period. CWM LLC boosted its stake in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company's stock valued at $38,000 after purchasing an additional 4,541 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Telos by 22.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,863 shares of the company's stock worth $122,000 after purchasing an additional 4,412 shares during the last quarter. Finally, Krilogy Financial LLC bought a new stake in shares of Telos in the 4th quarter worth about $75,000. Institutional investors own 62.14% of the company's stock.

Telos Company Profile

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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