Telos (NASDAQ:TLS) EVP Sells $910,000.00 in Stock

Telos Corporation (NASDAQ:TLS) EVP Gary Bendza sold 200,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total value of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares of the company’s stock, valued at $2,443,386.40. The trade was a 27.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 transaction of $353,417.40.
• On Thursday, June 25th, Gary Bendza sold 97,976 shares of Telos stock. The stock was 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 Stock Performance

Telos stock opened at $4.61 on Thursday. The firm’s fifty day moving average price is $4.63 and its 200-day moving average price is $4.46. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.26 and a current ratio of 2.38. The stock has a market cap of $344.55 million, a P/E ratio of -21.95 and a beta of 0.98. Telos Corporation has a fifty-two week low of $3.79 and a fifty-two week high of $8.36.

Telos (NASDAQ:TLS) last announced its earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%. The company had revenue of $47.75 million during the quarter, compared to analyst estimates of $45.16 million. On average, equities research analysts expect that Telos Corporation will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of Telos

Large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in Telos in the 2nd quarter worth approximately $34,000. NewEdge Advisors LLC lifted its stake in Telos by 413.6% in the second quarter. NewEdge Advisors LLC now owns 75,186 shares of the company’s stock worth $346,000 after acquiring an additional 60,548 shares during the period. Waverly Advisors LLC bought a new stake in Telos in the second quarter valued at $400,000. Public Employees Retirement System of Ohio bought a new position in Telos in the 2nd quarter worth $128,000. Finally, Globeflex Capital L P bought a new position in Telos in the 2nd quarter worth $1,336,000. 62.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TLS has been the subject of a number of recent research reports. Needham & Company LLC started coverage on Telos in a research report on Tuesday, May 26th. They issued a “buy” rating and a $6.00 target price for the company. Wall Street Zen lowered shares of Telos from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Zacks Research raised shares of Telos from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 20th. Finally, Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.