Gary Mark Bendza Sells 200,000 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 200,000 shares of Telos stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $4.55, for a total transaction of $910,000.00. Following the completion of the sale, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. This represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, September 11th, Gary Bendza sold 25,461 shares of Telos stock. The stock was sold at an average price of $4.33, for a total transaction of $110,246.13.
• On Friday, June 26th, Gary 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 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 stock was sold at an average price of $4.36, for a total transaction of $313,414.24.

Telos Stock Down 15.6%

TLS opened at $3.95 on Friday. The company has a market cap of $295.21 million, a PE ratio of -18.81 and a beta of 0.98. Telos Corporation has a twelve month low of $3.79 and a twelve month high of $8.36. The company has a 50-day moving average price of $4.60 and a 200 day moving average price of $4.46. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

Telos (NASDAQ:TLS) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%. Sell-side analysts expect that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telos

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its stake in shares of Telos by 51.3% in the 1st quarter. Invesco Ltd. now owns 40,042 shares of the company’s stock worth $95,000 after acquiring an additional 13,584 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Telos during the 1st quarter valued at about $39,000. NewEdge Advisors LLC grew its holdings in shares of Telos by 28.7% in the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after purchasing an additional 4,000 shares during the period. Rhumbline Advisers grew its holdings in shares of Telos by 3.4% in the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after purchasing an additional 2,740 shares during the period. Finally, American Century Companies Inc. increased its position in Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock worth $355,000 after purchasing an additional 3,889 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TLS shares. Wall Street Zen upgraded Telos from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Needham & Company LLC began coverage on shares of Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target on the stock. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Finally, Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.