Gary Mark Bendza Sells 97,976 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 97,976 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $4.19, for a total value of $410,519.44. Following the sale, the executive vice president directly owned 817,148 shares in the company, valued at approximately $3,423,850.12. The trade was a 10.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Wednesday, June 24th, Gary Mark 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 Up 6.6%

NASDAQ:TLS opened at $4.50 on Friday. The company’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $4.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.59 and a current ratio of 2.59. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. The stock has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97.

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

Institutional Trading of Telos

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLS. Weber Capital Management LLC ADV acquired a new position in shares of Telos in the fourth quarter valued at about $9,152,000. Two Sigma Investments LP lifted its holdings in shares of Telos by 322.9% during the third quarter. Two Sigma Investments LP now owns 908,565 shares of the company’s stock worth $6,215,000 after purchasing an additional 693,716 shares during the period. Jane Street Group LLC acquired a new stake in shares of Telos during the second quarter worth about $1,801,000. Marshall Wace LLP boosted its position in Telos by 161.6% in the third quarter. Marshall Wace LLP now owns 911,148 shares of the company’s stock valued at $6,232,000 after buying an additional 562,878 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Telos in the fourth quarter valued at approximately $2,494,000. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TLS shares. 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 reduced 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Telos in a report on Monday, April 20th. Finally, Needham & Company LLC assumed coverage on Telos in a report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price target for the company. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.10.

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.