Telos (NASDAQ:TLS) EVP Sells $410,519.44 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 97,976 shares of Telos stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $4.19, for a total transaction of $410,519.44. Following the completion of the sale, the executive vice president directly owned 817,148 shares in the company, valued at $3,423,850.12. This trade represents a 10.71% decrease in their position. The transaction 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 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 value of $353,417.40.
• On Wednesday, June 24th, Gary Mark 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 Performance

NASDAQ:TLS opened at $4.50 on Monday. The company has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97. The business has a fifty day simple moving average of $4.47 and a two-hundred day simple moving average of $4.68. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. Telos Corporation has a 1 year low of $2.37 and a 1 year high of $8.36.

Telos (NASDAQ:TLS) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $44.62 million. On average, analysts expect that Telos Corporation will post -0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. 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 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Wedbush reduced their price target on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Tuesday, March 17th. Finally, BMO Capital Markets dropped their price objective on Telos from $8.00 to $5.00 and set a “market perform” rating on the stock in a report on Monday, March 16th. Three research 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. According to MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $7.10.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Weber Capital Management LLC ADV purchased a new stake in shares of Telos in the fourth quarter worth $9,152,000. Two Sigma Investments LP increased its stake in Telos by 322.9% in the 3rd quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after acquiring an additional 693,716 shares during the last quarter. Jane Street Group LLC bought a new position in Telos in the 2nd quarter worth about $1,801,000. Marshall Wace LLP raised its holdings in shares of Telos by 161.6% in the 3rd quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after acquiring an additional 562,878 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Telos in the 4th quarter valued at about $2,494,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.

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.