Insider Selling: Telos (NASDAQ:TLS) EVP Sells $910,000.00 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the completion of the transaction, the executive vice president owned 537,008 shares of the company’s stock, valued at approximately $2,443,386.40. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, September 11th, Gary Bendza sold 25,461 shares of Telos stock. The stock was sold at an average price of $4.33, for a total transaction of $110,246.13.
• On Friday, June 26th, Gary Bendza sold 80,140 shares of Telos stock. The stock was sold at an average price of $4.41, for a total transaction of $353,417.40.
• On Thursday, June 25th, Gary 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 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 Stock Down 15.6%

Shares of TLS opened at $3.95 on Friday. The company has a market capitalization of $295.22 million, a PE ratio of -18.81 and a beta of 0.98. Telos Corporation has a 12 month low of $3.79 and a 12 month high of $8.36. The stock’s 50-day moving average price is $4.60 and its two-hundred day moving average price is $4.46. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last issued its quarterly 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 return on equity of 2.60% and a negative net margin of 8.13%.The company had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million.

Analyst Upgrades and Downgrades

TLS has been the subject of several analyst reports. Wedbush lowered shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Thursday. 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 objective for the company. Weiss Ratings raised shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Telos presently has an average rating of “Hold” and a consensus price target of $6.50.

Hedge Funds Weigh In On Telos

Institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd bought a new position in shares of Telos during the 4th quarter worth approximately $29,000. Integrated Wealth Concepts LLC bought a new stake in shares of Telos in the 2nd quarter valued at $34,000. Quarry LP acquired a new position in shares of Telos during the 4th quarter valued at $39,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Telos during the 1st quarter valued at $43,000. Finally, Entropy Technologies LP bought a new position in Telos during the fourth quarter worth $55,000. 62.14% of the stock is owned by institutional investors and hedge funds.

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.