Gary Mark Bendza Sells 25,461 Shares of Telos (NASDAQ:TLS) Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 25,461 shares of the stock in a transaction dated 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 trade represents a 4.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $4.55, for a total value of $910,000.00.
• 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 value 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 value 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 value of $313,414.24.

Telos Stock Down 15.6%

TLS stock opened at $3.95 on Friday. The stock’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.46. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. Telos Corporation has a 1-year low of $3.79 and a 1-year high of $8.36. The stock has a market cap of $295.22 million, a P/E ratio of -18.81 and a beta of 0.98.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm 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%.

Analyst Ratings Changes

Several brokerages have commented on TLS. Wall Street Zen raised shares of Telos from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wedbush cut shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target on the stock. in a report on Thursday. Finally, Needham & Company LLC assumed coverage on Telos in a research note on Tuesday, May 26th. They issued a “buy” rating and a $6.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.50.

Institutional Investors Weigh In On Telos

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in shares of Telos by 3.4% during the second quarter. Rhumbline Advisers now owns 82,432 shares of the company’s stock valued at $261,000 after buying an additional 2,740 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Telos by 12.6% in the third quarter. Public Employees Retirement System of Ohio now owns 27,749 shares of the company’s stock valued at $190,000 after acquiring an additional 3,100 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Telos by 5.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 67,936 shares of the company’s stock valued at $347,000 after acquiring an additional 3,715 shares during the period. American Century Companies Inc. grew its stake in Telos by 3.6% during the second quarter. American Century Companies Inc. now owns 112,106 shares of the company’s stock valued at $355,000 after acquiring an additional 3,889 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Telos by 28.7% during the first quarter. NewEdge Advisors LLC now owns 17,918 shares of the company’s stock valued at $43,000 after acquiring an additional 4,000 shares in the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.