Gary Mark Bendza Sells 71,884 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 71,884 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $4.36, for a total value of $313,414.24. Following the sale, the executive vice president directly owned 915,124 shares in the company, valued at $3,989,940.64. This trade represents a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 value of $353,417.40.
• 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 value of $410,519.44.

Telos Trading Up 6.6%

Shares of Telos stock opened at $4.50 on Friday. Telos Corporation has a 12-month low of $2.37 and a 12-month high of $8.36. The company has a market cap of $336.69 million, a price-to-earnings ratio of -12.86 and a beta of 0.97. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $4.47 and its 200-day moving average price is $4.69.

Telos (NASDAQ:TLS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Telos Corporation will post -0.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Telos

A number of hedge funds and other institutional investors have recently bought and sold shares of TLS. Sound Income Strategies LLC bought a new position in shares of Telos in the 4th quarter worth $26,000. Covestor Ltd bought a new stake in shares of Telos during the 4th quarter worth $29,000. CWM LLC grew its position in Telos by 156.2% in the fourth 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 purchased a new position in Telos in the fourth quarter worth $39,000. Finally, AQR Capital Management LLC bought a new position in Telos in the first quarter valued at $39,000. Hedge funds and other institutional investors 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.