Telos (NASDAQ:TLS) Director Sells $17,138.00 in Stock

Key Points

• Director Derrick Dockery sold 4,100 shares on March 19 at an average price of $4.18 for $17,138, reducing his stake by 2.25% to 178,500 shares (valued at ~$746,130).
• Quarterly results beat estimates—Telos reported $0.06 EPS vs. $0.02 expected and $46.78M revenue vs. $45.22M—but the company remains unprofitable with negative ROE and net margin, and analysts hold a consensus "Hold" rating with a $7.38 target amid recent price-target cuts.
• The stock traded up 1.1% to $4.32 on above-average volume and has a market cap of ~$320M; institutional investors own ~62.1% of shares, with hedge funds such as Two Sigma, Marshall Wace and Weber Capital notably increasing positions.

Telos Corporation (NASDAQ:TLS - Get Free Report) Director Derrick Dockery sold 4,100 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $4.18, for a total transaction of $17,138.00. Following the sale, the director directly owned 178,500 shares in the company, valued at $746,130. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Telos Trading Up 1.1%

TLS stock traded up $0.05 during trading on Friday, hitting $4.32. The company had a trading volume of 997,509 shares, compared to its average volume of 823,983. The firm has a 50-day moving average price of $4.76 and a 200-day moving average price of $5.74. Telos Corporation has a 12 month low of $1.83 and a 12 month high of $8.36. The company has a quick ratio of 2.67, a current ratio of 2.57 and a debt-to-equity ratio of 0.06. The stock has a market cap of $320.26 million, a price-to-earnings ratio of -8.63 and a beta of 1.03.

Telos (NASDAQ:TLS - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. The firm had revenue of $46.78 million for the quarter, compared to analyst estimates of $45.22 million. Telos had a negative return on equity of 20.30% and a negative net margin of 22.17%. As a group, analysts predict that Telos Corporation will post -0.68 earnings per share for the current year.

Hedge Funds Weigh In On Telos

Several institutional investors have recently modified their holdings of the stock. Weber Capital Management LLC ADV acquired a new stake in shares of Telos in the 4th quarter valued at approximately $9,152,000. Two Sigma Investments LP grew its holdings in Telos by 322.9% during the third quarter. Two Sigma Investments LP now owns 908,565 shares of the company's stock valued at $6,215,000 after purchasing an additional 693,716 shares during the period. Jane Street Group LLC bought a new stake in Telos in the second quarter valued at approximately $1,801,000. Marshall Wace LLP raised its holdings in Telos by 161.6% in the third quarter. Marshall Wace LLP now owns 911,148 shares of the company's stock worth $6,232,000 after purchasing an additional 562,878 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Telos during the fourth quarter worth $2,494,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wedbush dropped their price objective on Telos from $10.00 to $8.00 and set an "outperform" rating for the company in a report on Tuesday. Weiss Ratings reissued a "sell (d-)" rating on shares of Telos in a research note on Wednesday, January 21st. Finally, BMO Capital Markets cut their price objective on shares of Telos from $8.00 to $5.00 and set a "market perform" rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $7.38.

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.