Insider Selling: Telos (NASDAQ:TLS) CEO Sells $389,411.55 in Stock

Telos Corporation (NASDAQ:TLS) CEO John Wood sold 96,151 shares of Telos stock in a transaction that occurred on 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 sale, the chief executive officer owned 1,505,867 shares of the company’s stock, valued at $6,098,761.35. This represents a 6.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Telos Price Performance

NASDAQ TLS opened at $4.09 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. Telos Corporation has a 1-year low of $3.79 and a 1-year high of $8.36. The stock has a market capitalization of $305.67 million, a price-to-earnings ratio of -19.48 and a beta of 0.98. The business’s fifty day moving average price is $4.49 and its 200-day moving average price is $4.46.

Telos (NASDAQ:TLS) last posted its earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The company had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on TLS shares. Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research note on Thursday, September 10th. Weiss Ratings raised Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen cut shares of Telos from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.50.

Institutional Investors Weigh In On Telos

Institutional investors and hedge funds have recently bought and sold shares of the company. Krilogy Financial LLC boosted its holdings in shares of Telos by 34.6% in the 1st quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock valued at $80,000 after buying an additional 4,662 shares in the last quarter. Covestor Ltd acquired a new position in shares of Telos in the 4th quarter valued at $29,000. Integrated Wealth Concepts LLC purchased a new position in shares of Telos in the second quarter worth about $34,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos during the 1st quarter worth approximately $43,000. Finally, SG Americas Securities LLC purchased a new position in shares of Telos during the first quarter worth $53,000. 62.14% of the stock is owned by institutional investors.

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.