Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 80,140 Shares

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 80,140 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $4.41, for a total transaction of $353,417.40. Following the transaction, the executive vice president directly owned 737,008 shares in the company, valued at $3,250,205.28. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gary Mark Bendza also recently made the following trade(s):

• On Thursday, June 25th, Gary Mark Bendza sold 97,976 shares of Telos stock. The shares were sold at an average price of $4.19, for a total value of $410,519.44.
• On Wednesday, June 24th, Gary Mark Bendza sold 71,884 shares of Telos stock. The shares were sold at an average price of $4.36, for a total value of $313,414.24.

Telos Price Performance

NASDAQ:TLS opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. The company has a 50-day moving average of $4.47 and a 200-day moving average of $4.69. Telos Corporation has a 52 week low of $2.37 and a 52 week high of $8.36. The company has a market capitalization of $336.69 million, a price-to-earnings ratio of -12.86 and a beta of 0.97.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $47.74 million during the quarter, compared to analysts’ expectations of $44.62 million. Telos had a negative net margin of 14.25% and a negative return on equity of 11.95%. As a group, equities research analysts anticipate that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Telos

Several institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC bought a new stake in shares of Telos during the fourth quarter worth $26,000. Covestor Ltd bought a new position in shares of Telos in the fourth quarter valued at about $29,000. CWM LLC raised its holdings in shares of Telos by 156.2% in the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in Telos during the 4th quarter worth about $39,000. Finally, AQR Capital Management LLC bought a new stake in Telos during the 1st quarter worth about $39,000. Institutional investors own 62.14% of the company’s stock.

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.