Telos (NASDAQ:TLS) EVP Gary Mark Bendza Sells 80,140 Shares of Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 80,140 shares of Telos stock in a transaction on Friday, June 26th. The shares were sold at an average price of $4.41, for a total transaction of $353,417.40. Following the transaction, the executive vice president owned 737,008 shares in the company, valued at approximately $3,250,205.28. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 value of $410,519.44.
• 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 Telos stock traded up $0.28 during trading hours on Friday, hitting $4.50. The company’s stock had a trading volume of 2,907,509 shares, compared to its average volume of 800,306. The company has a market cap of $336.69 million, a PE ratio of -12.86 and a beta of 0.97. 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 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 12-month low of $2.37 and a 12-month high of $8.36.

Telos (NASDAQ:TLS) last released its earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $47.74 million during 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%. Analysts expect that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telos

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in shares of Telos by 391.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after purchasing an additional 153,802 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in Telos in the fourth quarter worth $9,152,000. Acuitas Investments LLC boosted its stake in Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after buying an additional 250,400 shares during the period. Strs Ohio boosted its stake in Telos by 33.1% during the fourth quarter. Strs Ohio now owns 18,900 shares of the company’s stock worth $96,000 after buying an additional 4,700 shares during the period. Finally, Revisor Wealth Management LLC bought a new position in Telos during the fourth quarter valued at $88,000. Hedge funds and other institutional investors own 62.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TLS shares. Needham & Company LLC initiated coverage on shares of Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price on the stock. BMO Capital Markets cut their target price on shares of Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday, March 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. Finally, Wedbush decreased their price target on shares of Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note 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’s stock. According to MarketBeat, Telos has a consensus rating of “Hold” and an average target price of $7.10.

About Telos

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.