Telos (NASDAQ:TLS) EVP Sells $706,882.95 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 174,539 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $4.05, for a total value of $706,882.95. Following the completion of the transaction, the executive vice president owned 337,008 shares in the company, valued at $1,364,882.40. The trade was a 34.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Friday, September 11th, Gary Bendza sold 25,461 shares of Telos stock. The shares were sold at an average price of $4.33, for a total value of $110,246.13.
• On Wednesday, September 9th, Gary Bendza sold 200,000 shares of Telos stock. The shares were 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 stock was 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 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 Trading Down 0.2%

Shares of NASDAQ TLS opened at $4.09 on Thursday. Telos Corporation has a fifty-two week low of $3.79 and a fifty-two week high of $8.36. The firm has a market capitalization of $305.67 million, a P/E ratio of -19.48 and a beta of 0.98. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 2.26. The company’s 50 day simple moving average is $4.49 and its 200 day simple moving average is $4.46.

Telos (NASDAQ:TLS) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Telos had a negative return on equity of 2.60% and a negative net margin of 8.13%.The business had revenue of $47.75 million during the quarter, compared to analysts’ expectations of $45.16 million.

Analyst Upgrades and Downgrades

TLS has been the topic of several recent analyst reports. Wedbush lowered Telos from an “outperform” rating to a “neutral” rating and set a $5.00 target price on the stock. in a report on Thursday, September 10th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 20th. Wall Street Zen cut Telos from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings upgraded Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.50.

Hedge Funds Weigh In On Telos

Several institutional investors and hedge funds have recently modified their holdings of the stock. Covestor Ltd acquired a new stake in shares of Telos during the 4th quarter worth about $29,000. Integrated Wealth Concepts LLC acquired a new position in Telos in the 2nd quarter valued at about $34,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in Telos in the 1st quarter valued at about $43,000. SG Americas Securities LLC bought a new position in Telos in the 1st quarter valued at about $53,000. Finally, Leonteq Securities AG acquired a new stake in Telos during the fourth quarter worth approximately $78,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

About Telos

Telos Corporation (NASDAQ:TLS) is a provider of cybersecurity, secure communications and information technology services for government and commercial organizations. The company helps customers protect data, networks and digital identities while managing cybersecurity risks across complex operating environments.

Its offerings include the Xacta platform, which supports cyber risk management, compliance and authorization activities; Telos Ghost, a privacy-focused networking solution designed to help secure online connections and communications; and services for cloud security, identity management, security assessments and cyber operations.