Telos (NASDAQ:TLS) EVP Sells $259,398.54 in Stock

Telos Corporation (NASDAQ:TLS) EVP Edward Hutchinson Jr. Robbins sold 64,527 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $4.02, for a total transaction of $259,398.54. Following the completion of the transaction, the executive vice president directly owned 567,278 shares of the company’s stock, valued at $2,280,457.56. This represents a 10.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Edward Hutchinson Jr. Robbins also recently made the following trade(s):

• On Tuesday, March 17th, Edward Hutchinson Jr. Robbins sold 37,096 shares of Telos stock. The stock was sold at an average price of $4.01, for a total transaction of $148,754.96.

Telos Stock Performance

NASDAQ TLS opened at $4.33 on Friday. The firm has a market capitalization of $321.37 million, a P/E ratio of -8.66 and a beta of 1.03. The company has a current ratio of 2.57, a quick ratio of 2.67 and a debt-to-equity ratio of 0.06. The firm’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $5.73. Telos Corporation has a 1 year low of $1.83 and a 1 year high of $8.36.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, March 16th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $46.78 million during the quarter, compared to the consensus estimate of $45.22 million. Telos had a negative net margin of 22.17% and a negative return on equity of 20.30%. As a group, research analysts anticipate that Telos Corporation will post -0.68 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on TLS. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a research report on Wednesday, January 21st. Wedbush reduced their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Finally, BMO Capital Markets decreased their target price on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Two equities research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sound Income Strategies LLC acquired a new stake in Telos during the fourth quarter worth approximately $26,000. Covestor Ltd acquired a new position in shares of Telos in the fourth quarter valued at approximately $29,000. Penserra Capital Management LLC acquired a new position in shares of Telos in the third quarter valued at approximately $42,000. CWM LLC increased its stake in shares of Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after purchasing an additional 4,541 shares during the period. Finally, Quarry LP bought a new position in shares of Telos during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

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.