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

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 97,976 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $4.19, for a total value of $410,519.44. Following the sale, the executive vice president owned 817,148 shares of the company’s stock, valued at $3,423,850.12. The trade was a 10.71% decrease in their position. The sale was disclosed in a document filed 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 shares were 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 transaction of $313,414.24.

Telos Trading Up 6.6%

TLS stock traded up $0.28 during midday trading on Friday, reaching $4.50. 2,907,509 shares of the company’s stock traded hands, compared to its average volume of 800,306. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.59 and a quick ratio of 2.59. 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 50-day moving average price of $4.47 and a two-hundred day moving average price of $4.69. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Telos

A number of hedge funds have recently made changes to their positions in TLS. Sound Income Strategies LLC acquired a new stake in Telos in the fourth quarter valued at $26,000. Covestor Ltd acquired a new position in Telos during the 4th quarter worth $29,000. CWM LLC grew its holdings 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 acquiring an additional 4,541 shares in the last quarter. Quarry LP bought a new stake in shares of Telos in the 4th quarter worth about $39,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Telos in the 1st quarter valued at about $39,000. 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.