Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 25,461 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 25,461 shares of Telos stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $4.33, for a total value of $110,246.13. Following the completion of the sale, the executive vice president directly owned 511,547 shares in the company, valued at approximately $2,214,998.51. This represents a 4.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, September 9th, Gary Bendza sold 200,000 shares of Telos stock. The shares were sold at an average price of $4.55, for a total value of $910,000.00.
• On Friday, June 26th, Gary Bendza sold 80,140 shares of Telos stock. The shares were sold at an average price of $4.41, for a total value of $353,417.40.
• On Thursday, June 25th, Gary Bendza sold 97,976 shares of Telos stock. The stock was sold at an average price of $4.19, for a total value of $410,519.44.
• On Wednesday, June 24th, Gary Bendza sold 71,884 shares of Telos stock. The stock was sold at an average price of $4.36, for a total value of $313,414.24.

Telos Trading Down 15.6%

Shares of Telos stock opened at $3.95 on Friday. The stock has a market cap of $295.21 million, a P/E ratio of -18.81 and a beta of 0.98. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Telos Corporation has a 12-month low of $3.79 and a 12-month high of $8.36. The business’s 50 day moving average is $4.60 and its 200-day moving average is $4.46.

Telos (NASDAQ:TLS) last released 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. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The business had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million. Equities research analysts predict that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLS. Covestor Ltd bought a new position in Telos during the 4th quarter worth $29,000. Integrated Wealth Concepts LLC bought a new stake in shares of Telos in the second quarter valued at about $34,000. Quarry LP bought a new stake in shares of Telos in the fourth quarter valued at about $39,000. AQR Capital Management LLC acquired a new position in shares of Telos in the first quarter valued at about $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Telos during the first quarter worth about $43,000. 62.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TLS shares. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Zacks Research upgraded Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Wall Street Zen raised Telos from a “hold” rating to a “buy” rating in a research report on Saturday. Needham & Company LLC assumed coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Wedbush cut Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.50.

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.