Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 97,976 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 97,976 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the completion of the sale, the executive vice president owned 817,148 shares of the company’s stock, valued at approximately $3,423,850.12. This trade represents a 10.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $4.41, for a total transaction of $353,417.40.
• 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

Shares of TLS stock opened at $4.50 on Friday. Telos Corporation has a 12 month low of $2.37 and a 12 month high of $8.36. The company has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97. The stock has a 50 day moving average of $4.47 and a two-hundred day moving average of $4.69. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05.

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

Institutional Trading of Telos

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Telos by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 2,914,891 shares of the company’s stock worth $19,938,000 after purchasing an additional 104,515 shares during the last quarter. Millennium Management LLC lifted its holdings in Telos by 28.1% in the third quarter. Millennium Management LLC now owns 2,090,011 shares of the company’s stock valued at $14,296,000 after buying an additional 457,997 shares during the period. Weber Capital Management LLC ADV acquired a new stake in Telos during the 4th quarter worth $9,152,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Telos by 11.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,694,473 shares of the company’s stock valued at $11,592,000 after acquiring an additional 169,285 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Telos by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 1,361,502 shares of the company’s stock valued at $6,945,000 after purchasing an additional 47,688 shares during the period. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Ratings Changes

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

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.