Telos (NASDAQ:TLS) EVP Sells $110,246.13 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 25,461 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $4.33, for a total transaction of $110,246.13. Following the completion of the sale, the executive vice president owned 511,547 shares of the company’s stock, valued at approximately $2,214,998.51. This represents a 4.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, September 9th, Gary Bendza sold 200,000 shares of Telos stock. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00.
• On Friday, June 26th, Gary Bendza sold 80,140 shares of Telos stock. The stock was sold at an average price of $4.41, for a total transaction of $353,417.40.
• On Thursday, June 25th, Gary 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 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 Stock Performance

Telos stock opened at $3.95 on Monday. Telos Corporation has a 52 week low of $3.79 and a 52 week high of $8.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The stock has a market capitalization of $295.22 million, a P/E ratio of -18.81 and a beta of 0.98. The stock has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $4.46.

Telos (NASDAQ:TLS) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The firm had revenue of $47.75 million for the quarter, compared to the consensus estimate of $45.16 million.

Institutional Trading of Telos

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Telos by 29.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,118,914 shares of the company’s stock worth $4,688,000 after buying an additional 256,014 shares during the period. Globeflex Capital L P bought a new stake in shares of Telos in the second quarter valued at about $1,336,000. Y.D. More Investments Ltd bought a new stake in shares of Telos in the first quarter valued at about $111,000. SG Americas Securities LLC acquired a new position in shares of Telos in the first quarter valued at about $53,000. Finally, Inspire Investing LLC increased its position in Telos by 33.8% during the first quarter. Inspire Investing LLC now owns 123,087 shares of the company’s stock worth $516,000 after acquiring an additional 31,126 shares during the period. 62.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TLS shares. Wedbush downgraded Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a report on Thursday. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday. 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 target price for the company. Finally, Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.50.

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.