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

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 80,140 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was 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 directly owned 737,008 shares in the company, valued at $3,250,205.28. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value 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 value of $313,414.24.

Telos Stock Up 6.6%

NASDAQ TLS opened at $4.50 on Friday. Telos Corporation has a 52 week low of $2.37 and a 52 week high of $8.36. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $4.47 and its 200-day simple moving average is $4.69. The firm has a market cap of $336.69 million, a PE ratio of -12.86 and a beta of 0.97.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TLS. Weiss Ratings restated a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. 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 report on Monday, March 16th. Wedbush cut their target price on Telos from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, March 17th. Finally, Needham & Company LLC initiated coverage on Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.10.

Institutional Investors Weigh In On Telos

A number of institutional investors and hedge funds have recently made changes to their positions in TLS. Sound Income Strategies LLC acquired a new position in Telos during the fourth quarter worth $26,000. Covestor Ltd acquired a new stake in shares of Telos in the fourth quarter valued at $29,000. CWM LLC raised its holdings in shares of Telos by 156.2% in the 4th quarter. CWM LLC now owns 7,448 shares of the company’s stock valued at $38,000 after buying an additional 4,541 shares during the period. Quarry LP purchased a new stake in shares of Telos in the 4th quarter valued at $39,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new position in Telos during the 1st quarter valued at about $43,000. 62.14% of the stock is owned by hedge funds and other 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.