Insider Selling: Telos (NASDAQ:TLS) EVP Sells $353,417.40 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 80,140 shares of the company’s 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 completion of the transaction, the executive vice president owned 737,008 shares of the company’s stock, valued at $3,250,205.28. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 shares were sold at an average price of $4.19, for a total transaction of $410,519.44.
• 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 transaction of $313,414.24.

Telos Stock Performance

Shares of TLS stock opened at $4.50 on Monday. Telos Corporation has a 12 month low of $2.37 and a 12 month high of $8.36. 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 firm has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97. The company’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $4.68.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on TLS. BMO Capital Markets lowered their price objective 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. Wedbush cut their target price on Telos from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 17th. Needham & Company LLC began coverage on Telos in a research note on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Telos in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Telos presently has an average rating of “Hold” and an average target price of $7.10.

Institutional Trading of Telos

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. raised its stake in Telos by 51.3% during the first quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock valued at $95,000 after buying an additional 13,584 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Telos in the 1st quarter worth approximately $39,000. NewEdge Advisors LLC increased its holdings in shares of Telos by 28.7% in the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after acquiring an additional 4,000 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Telos by 3.4% in the 2nd quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after acquiring an additional 2,740 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Telos by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares in the last quarter. 62.14% of the stock is owned by institutional investors.

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.