Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 71,884 Shares

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 71,884 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total transaction of $313,414.24. Following the completion of the transaction, the executive vice president directly owned 915,124 shares in the company, valued at $3,989,940.64. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, June 26th, Gary Mark Bendza sold 80,140 shares of Telos stock. The shares were sold at an average price of $4.41, for a total transaction of $353,417.40.
• On Thursday, June 25th, Gary Mark Bendza sold 97,976 shares of Telos stock. The stock was sold at an average price of $4.19, for a total transaction of $410,519.44.

Telos Stock Performance

NASDAQ:TLS opened at $4.50 on Friday. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. 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 price of $4.47 and a 200 day moving average price of $4.69. The stock has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97.

Telos (NASDAQ:TLS) last released 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. Telos had a negative return on equity of 11.95% and a negative net margin of 14.25%.The company had revenue of $47.74 million for the quarter, compared to analysts’ expectations of $44.62 million. Equities research analysts forecast that Telos Corporation will post -0.21 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Telos

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Telos by 51.3% in the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after acquiring an additional 13,584 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Telos during the first quarter worth about $39,000. NewEdge Advisors LLC increased its position in shares of Telos by 28.7% during the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock worth $43,000 after purchasing an additional 4,000 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after purchasing an additional 2,740 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Telos by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after purchasing an additional 3,889 shares during the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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.