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

Telos Corporation (NASDAQ:TLS) Director Derrick Dockery sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $4.34, for a total value of $47,740.00. Following the completion of the sale, the director owned 168,591 shares in the company, valued at approximately $731,684.94. This represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Telos Price Performance

Shares of Telos stock traded up $0.26 during midday trading on Thursday, hitting $4.60. 585,990 shares of the company were exchanged, compared to its average volume of 732,840. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. The firm has a market cap of $343.80 million, a P/E ratio of -21.90 and a beta of 1.00. Telos Corporation has a 52 week low of $3.79 and a 52 week high of $8.36. The firm has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $4.50.

Telos (NASDAQ:TLS) last announced its quarterly 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. The firm had revenue of $47.75 million for the quarter, compared to analysts’ expectations of $45.16 million. Telos had a negative return on equity of 2.53% and a negative net margin of 8.13%. Research analysts forecast that Telos Corporation will post -0.21 earnings per share for the current year.

Institutional Trading of Telos

Several large investors have recently made changes to their positions in TLS. Globeflex Capital L P acquired a new stake in shares of Telos in the second quarter valued at $1,336,000. Bank of New York Mellon Corp bought a new position in shares of Telos in the second quarter worth about $533,000. Renaissance Technologies LLC raised its stake in shares of Telos by 29.7% in the first quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after acquiring an additional 256,014 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Telos during the first quarter worth approximately $170,000. Finally, First Trust Advisors LP grew its stake in shares of Telos by 13.7% during the first quarter. First Trust Advisors LP now owns 146,773 shares of the company’s stock valued at $615,000 after purchasing an additional 17,730 shares during the last quarter. Institutional investors own 62.14% of the company’s stock.

Analyst Ratings Changes

TLS has been the topic of a number of recent analyst reports. Needham & Company LLC assumed 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 report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Telos currently has an average rating of “Hold” and an average price target 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.