Telos (NASDAQ:TLS) Director Derrick Dockery Sells 11,000 Shares of Stock

Key Points

• Telos Director Derrick Dockery sold 11,000 shares at an average price of $4.34, generating $47,740 and reducing his direct ownership by 6.13% to 168,591 shares.
• Telos shares rose 6.0% to $4.60 after the company reported quarterly EPS of $0.04, beating estimates by $0.02, while revenue of $47.75 million also exceeded expectations.
• Analyst sentiment remains mixed, with Telos carrying an average “Hold” rating and a $7.10 consensus price target; institutional investors own 62.14% of the stock.

Telos Corporation (NASDAQ:TLS - Get Free Report) Director Derrick Dockery sold 11,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $4.34, for a total transaction of $47,740.00. Following the transaction, the director directly owned 168,591 shares in the company, valued at $731,684.94. The trade was a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Telos Stock Up 6.0%

NASDAQ TLS traded up $0.26 during trading on Thursday, hitting $4.60. 585,990 shares of the company traded hands, compared to its average volume of 732,840. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The business has a fifty day simple moving average of $4.57 and a 200 day simple moving average of $4.50. The company has a market capitalization of $343.80 million, a P/E ratio of -21.90 and a beta of 1.00. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS - Get Free Report) last released its quarterly 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. Telos had a negative return on equity of 2.53% and a negative net margin of 8.13%.The company had revenue of $47.75 million during the quarter, compared to the consensus estimate of $45.16 million. As a group, sell-side analysts predict that Telos Corporation will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers raised its stake in shares of Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company's stock valued at $261,000 after purchasing an additional 2,740 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Telos by 12.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company's stock valued at $190,000 after buying an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Telos by 5.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company's stock valued at $347,000 after buying an additional 3,715 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company's stock worth $355,000 after acquiring an additional 3,889 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock worth $43,000 after acquiring an additional 4,000 shares during the period. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TLS. Needham & Company LLC initiated coverage on shares of Telos in a research report on Tuesday, May 26th. They issued a "buy" rating and a $6.00 price target 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Telos currently has an average rating of "Hold" and an average price target of $7.10.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source