Derrick Dockery Sells 7,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLSGet Free Report) Director Derrick Dockery sold 7,000 shares of Telos stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $4.36, for a total transaction of $30,520.00. Following the sale, the director directly owned 179,591 shares of the company’s stock, valued at $783,016.76. This represents a 3.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Telos Stock Performance

TLS stock opened at $4.50 on Friday. Telos Corporation has a twelve month low of $2.37 and a twelve month high of $8.36. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The company has a market cap of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97. The business’s fifty day moving average is $4.47 and its 200-day moving average is $4.69.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TLS. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. Wedbush cut their price objective on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, BMO Capital Markets dropped their target price on shares of Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Telos has an average rating of “Hold” and an average target price of $7.10.

Get Our Latest Stock Analysis on Telos

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLS. JPMorgan Chase & Co. grew its holdings in shares of Telos by 391.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after acquiring an additional 153,802 shares in the last quarter. Weber Capital Management LLC ADV bought a new stake in Telos during the fourth quarter worth about $9,152,000. Acuitas Investments LLC boosted its position in Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock valued at $5,279,000 after purchasing an additional 250,400 shares during the last quarter. Inspire Investing LLC boosted its position in Telos by 33.8% during the first quarter. Inspire Investing LLC now owns 123,087 shares of the company’s stock valued at $516,000 after purchasing an additional 31,126 shares during the last quarter. Finally, Krilogy Financial LLC grew its stake in Telos by 34.6% in the first quarter. Krilogy Financial LLC now owns 18,121 shares of the company’s stock valued at $80,000 after purchasing an additional 4,662 shares in the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

Telos Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Telos (NASDAQ:TLS)

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