Telos (NASDAQ:TLS) EVP Sells $295,142.54 in Stock

Key Points

• Telos EVP Edward Hutchinson Jr. Robbins sold 62,398 shares at an average price of $4.73, totaling $295,142.54. The sale reduced his direct ownership by 9.57% to 589,915 shares.
• Telos shares closed at $4.71, with a market capitalization of approximately $352 million; the stock has traded between $3.79 and $8.36 over the past year.
• The company exceeded quarterly earnings expectations, reporting $0.04 in EPS versus the $0.02 consensus and revenue of $47.75 million versus $45.16 million expected. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $7.10.

Telos Corporation (NASDAQ:TLS - Get Free Report) EVP Edward Hutchinson Jr. Robbins sold 62,398 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total transaction of $295,142.54. Following the transaction, the executive vice president directly owned 589,915 shares of the company's stock, valued at $2,790,297.95. The trade was a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Telos Price Performance

NASDAQ TLS traded down $0.01 on Wednesday, reaching $4.71. The company's stock had a trading volume of 665,891 shares, compared to its average volume of 717,478. The firm has a market cap of $352.01 million, a PE ratio of -22.43 and a beta of 0.98. The business has a 50-day moving average price of $4.60 and a 200 day moving average price of $4.43. Telos Corporation has a 52 week low of $3.79 and a 52 week 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 announced its quarterly 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 firm had revenue of $47.75 million during the quarter, compared to analysts' expectations of $45.16 million. Sell-side analysts expect that Telos Corporation will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Telos

A number of institutional investors have recently modified their holdings of TLS. Covestor Ltd acquired a new stake in shares of Telos in the fourth quarter valued at approximately $29,000. CWM LLC boosted its holdings in Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company's stock valued at $38,000 after acquiring an additional 4,541 shares during the last quarter. Quarry LP bought a new stake in Telos during the 4th quarter worth about $39,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Telos during the 1st quarter valued at about $43,000. Finally, Entropy Technologies LP bought a new position in shares of Telos in the 4th quarter valued at about $55,000. 62.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TLS. Zacks Research raised shares of Telos from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Telos from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 26th. Needham & Company LLC assumed coverage on shares of Telos in a report on Tuesday, May 26th. They set a "buy" rating and a $6.00 price objective for the company. Finally, Wall Street Zen cut shares of Telos from a "buy" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Telos presently has a consensus rating of "Moderate Buy" and an average target price of $7.10.

About Telos

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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