Insider Selling: Telos (NASDAQ:TLS) CEO Sells 96,151 Shares

Key Points

• Telos CEO John Wood sold 96,151 shares at an average price of $4.05, generating approximately $389,412 and reducing his direct stake by 6% to 1,505,867 shares.
• Telos shares closed at $4.03, near the lower end of their 52-week range of $3.79 to $8.36. The company recently exceeded quarterly earnings and revenue expectations, reporting EPS of $0.04 and revenue of $47.75 million.
• Analyst sentiment is mixed, with a consensus rating of Hold and a $6.50 target price; institutional investors and hedge funds own 62.14% of the company.

Telos Corporation (NASDAQ:TLS - Get Free Report) CEO John Wood sold 96,151 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $4.05, for a total transaction of $389,411.55. Following the completion of the transaction, the chief executive officer directly owned 1,505,867 shares in the company, valued at $6,098,761.35. This represents a 6.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Stock Performance

Shares of Telos stock traded down $0.04 on Monday, reaching $4.03. 654,284 shares of the company were exchanged, compared to its average volume of 723,177. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The company's 50-day moving average is $4.54 and its two-hundred day moving average is $4.47. The firm has a market cap of $301.19 million, a price-to-earnings ratio of -19.19 and a beta of 0.98. Telos Corporation has a 1-year low of $3.79 and a 1-year high of $8.36.

Telos (NASDAQ:TLS - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The business had revenue of $47.75 million during 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%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 26th. Zacks Research upgraded shares of Telos from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 20th. Needham & Company LLC initiated coverage on shares of Telos in a research note on Tuesday, May 26th. They set a "buy" rating and a $6.00 target price for the company. Wedbush cut shares of Telos from an "outperform" rating to a "neutral" rating and set a $5.00 target price for the company. in a research report on Thursday, September 10th. Finally, Wall Street Zen lowered shares of Telos from a "buy" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Globeflex Capital L P acquired a new stake in Telos in the second quarter worth about $1,336,000. Renaissance Technologies LLC increased its stake in Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company's stock valued at $4,688,000 after buying an additional 256,014 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Telos by 9.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,293,134 shares of the company's stock worth $5,417,000 after buying an additional 115,884 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Telos in the 2nd quarter worth approximately $533,000. Finally, State of Wyoming bought a new position in shares of Telos in the fourth quarter valued at approximately $452,000. 62.14% of the stock is owned by institutional investors and hedge funds.

About Telos

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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