Bradley Jacobs Sells 55,772 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) Director Bradley Jacobs sold 55,772 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $4.31, for a total transaction of $240,377.32. Following the transaction, the director owned 166,612 shares in the company, valued at approximately $718,097.72. This trade represents a 25.08% 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 Performance

TLS opened at $4.22 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. The company has a market cap of $315.74 million, a PE ratio of -12.06 and a beta of 0.97. The stock has a 50-day moving average of $4.47 and a 200-day moving average of $4.69. Telos Corporation has a 52-week low of $2.37 and a 52-week high of $8.36.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $47.74 million for the quarter, compared to the consensus estimate of $44.62 million. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%. As a group, equities research analysts forecast that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Telos

A number of hedge funds have recently bought and sold shares of TLS. Sound Income Strategies LLC acquired a new stake in Telos in the 4th quarter worth $26,000. Covestor Ltd acquired a new position in shares of Telos during the fourth quarter valued at about $29,000. CWM LLC lifted its stake in shares of 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 buying an additional 4,541 shares during the period. Quarry LP bought a new stake in shares of Telos in the fourth quarter valued at about $39,000. Finally, AQR Capital Management LLC acquired a new stake in Telos during the first quarter worth about $39,000. 62.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TLS. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price objective for the company. BMO Capital Markets decreased their target price on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday, March 16th. Finally, Wedbush lowered their target price on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.