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

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 71,884 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total value of $313,414.24. Following the completion of the sale, the executive vice president directly owned 915,124 shares in the company, valued at $3,989,940.64. This represents a 7.28% decrease in their position. The transaction was disclosed in a 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 stock was sold at an average price of $4.41, for a total value 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 Up 6.6%

NASDAQ:TLS traded up $0.28 during mid-day trading on Friday, hitting $4.50. The stock had a trading volume of 2,907,509 shares, compared to its average volume of 800,306. Telos Corporation has a twelve month low of $2.37 and a twelve month high of $8.36. The stock has a 50-day simple moving average of $4.47 and a two-hundred day simple 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. The company has a market capitalization of $336.69 million, a PE ratio of -12.86 and a beta of 0.97.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Telos

Several large investors have recently bought and sold shares of TLS. Sound Income Strategies LLC purchased a new position in shares of Telos during the fourth quarter worth about $26,000. Covestor Ltd acquired a new stake in shares of Telos in the 4th quarter valued at about $29,000. CWM LLC grew its stake in Telos by 156.2% during the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares during the last quarter. Quarry LP acquired a new position in Telos during the fourth quarter worth approximately $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Telos in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

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.