Telos (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins Sells 62,398 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 62,398 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $4.73, for a total value of $295,142.54. Following the transaction, the executive vice president owned 589,915 shares of the company’s stock, valued at approximately $2,790,297.95. This represents a 9.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Telos Stock Performance

Shares of TLS stock opened at $4.71 on Thursday. Telos Corporation has a 12-month low of $3.79 and a 12-month high of $8.36. The firm has a market capitalization of $352.03 million, a price-to-earnings ratio of -22.43 and a beta of 0.98. The business has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.44. 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 (NASDAQ:TLS) last announced its earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. On average, equities research analysts anticipate that Telos Corporation will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Needham & Company LLC started coverage on shares of Telos in a research report on Tuesday, May 26th. They set a “buy” rating and a $6.00 price target on the stock. Wall Street Zen cut shares of Telos from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $7.10.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Covestor Ltd acquired a new stake in Telos during the fourth quarter valued at $29,000. CWM LLC raised its position in Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after acquiring an additional 4,541 shares in the last quarter. Quarry LP bought a new position in Telos during the fourth quarter valued at approximately $39,000. AQR Capital Management LLC acquired a new stake in Telos in the first quarter valued at approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Telos in the first quarter valued at approximately $43,000. 62.14% of the stock is owned by institutional investors and hedge funds.

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.