Insider Selling: Telos (NASDAQ:TLS) EVP Sells $313,414.24 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Mark Bendza sold 71,884 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $4.36, for a total value of $313,414.24. Following the completion of the sale, the executive vice president owned 915,124 shares of the company’s stock, valued at $3,989,940.64. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $4.19, for a total value of $410,519.44.

Telos Price Performance

TLS opened at $4.50 on Monday. The stock has a fifty day moving average of $4.47 and a 200-day moving average of $4.68. The company has a market capitalization of $336.69 million, a P/E ratio of -12.86 and a beta of 0.97. Telos Corporation has a fifty-two week low of $2.37 and a fifty-two week high of $8.36. 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 (NASDAQ:TLS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.06 EPS for the quarter, beating 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 business had revenue of $47.74 million for the quarter, compared to the consensus estimate of $44.62 million. On average, equities analysts expect that Telos Corporation will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Telos by 391.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,081 shares of the company’s stock valued at $1,321,000 after purchasing an additional 153,802 shares in the last quarter. Weber Capital Management LLC ADV acquired a new stake in Telos in the fourth quarter valued at approximately $9,152,000. Acuitas Investments LLC grew its stake in shares of Telos by 48.0% during the third quarter. Acuitas Investments LLC now owns 771,813 shares of the company’s stock worth $5,279,000 after buying an additional 250,400 shares during the last quarter. CWM LLC increased its holdings in shares of Telos by 156.2% during the fourth quarter. CWM LLC now owns 7,448 shares of the company’s stock worth $38,000 after buying an additional 4,541 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its stake in shares of Telos by 297.2% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 83,922 shares of the company’s stock valued at $428,000 after acquiring an additional 62,795 shares during the last quarter. Institutional investors and hedge funds own 62.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TLS. BMO Capital Markets cut their price target on Telos from $8.00 to $5.00 and set a “market perform” rating for the company in a research note on Monday, March 16th. Needham & Company LLC initiated coverage on Telos in a report on Tuesday, May 26th. They set a “buy” rating and a $6.00 target price on the stock. Wedbush dropped their price target 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, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telos in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.10.

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.